TOOL rental firm HSS Hire reported yesterday that it had delivered a "solid financial performance"in the first five months of this financial year, highlighting a strong increase in sales.

The London-listed group saw revenue growth of four per cent compared to the same period last year, and the firm anticipated its full-year adjusted EBITA "to be in line with market expectations".

The AIM-listed group, which floated in 2015, has been hit by soaring inflation and has cautioned it is still looking to manage costs amid ongoing macroeconomic uncertainty.

The firm said that while there were uncertainties ahead, it was confident it would continue to deliver strong results.

"While remaining mindful of the macro-environment including the impact of the upcoming election and after assuming normal levels of seasonal product performance, HSS anticipates full-year adjusted EBITA to be in line with market expectations," the company said in a statement.

(c) 2024 City A.M., source Newspaper