Hercules Site Services PLC (AIM:HERC) saw its share price surge 12% after announcing that its full-year earnings will exceed market expectations, thanks to strong growth across its core divisions in the UK infrastructure and construction sectors.
For the year ending 30 September, the company expects revenue to surpass £105 million, marking a 24% increase from the previous year. This record performance is set to positively impact adjusted EBITDA and profit before tax.
Hercules credited its success to capitalising on continued demand in its key markets, alongside securing £8 million in new investment, which bolsters its financial position for future expansion.
CEO Brusk Korkmaz praised the company’s ability to seize organic growth opportunities, such as entering new labour supply markets and launching the Hercules Construction Academy. The company’s recent mergers and acquisitions further support its growth strategy, contributing to the strong results.
In early trading, the stock was changing hands for 48.8p, up 5.3p.