Hill & Smith Holdings PLC (LSE:HILS) gained 3% on Tuesday, with shares changing hands at 1,132p after it reported "robust trading".
In the four months to 31 October, the infrastructure and transport group said revenues from operations were 18% ahead of the prior period, with operating margins ahead of the first half of 2022 and the same period last year due to “pricing actions to offset cost input inflation.”
As a result, the group expects to make further progress in 2023, although it remains mindful of current macroeconomic uncertainty.
Additionally, it said it had successfully refinanced its principal bank debt facility.
“The new syndicated revolving credit facility of £250m has an initial maturity of four years with an option to extend for a further year at the first anniversary, providing us with certainty of funding to support the group's growth opportunities,” a statement said.