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Prices & Quotes - UK Markets - Hill & Smith Holdings (HILS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 1,314.00p
Change Today:
-6.00p
Market Cap:
1,044.32m
Sector:
Industrial Engineering

Hill & Smith ups dividend as FY profits grow

By Iain Gilbert

Date: Wednesday 04 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Infrastructure products manufacturer Hill & Smith posted a rise in full-year profits on Wednesday but writedowns and restructuring costs at its Scandinavian business held back growth.
Hill & Smith said pre-tax profit had grown 3% to ?61.8m in 2019, while revenues increased 9% to ?694.7m. Operating profits were up 8% at ?86.3m, driven by a strong performance in the US.

The FTSE 250-listed group's full-year dividend was raised by 6% to 33.6p.

However, H&S said growth had been held back by a ?7m impairment charge and restructuring costs of ?1.9m - both of which were related to its Scandinavian operations.

"Our Scandinavian roads business, which for context represents around 5% of group revenue, experienced difficult market conditions and operational challenges resulting in the business reporting operating losses in the year," said H&S.

Acquisition related expenses of ?1.8m and ?6.2m worth of amortisation of acquisition intangibles also weighed on earnings.

"Our outlook for 2020 remains unchanged and, whilst we may see some short-term delays in the commencement of UK roads projects across the transition from RIS 1 to RIS 2, we expect another year of good progress for the group," the company said.

"The global outbreak of the COVID-19 virus is a developing situation, and at this stage we are not in a position to speculate on the duration nor its future impact on the group. Presently we have seen no material impact on our business, however, we continue to monitor the situation closely and will update the market if appropriate."

As of 0905 GMT, H&S shares were up 4.12% at 1,432.72p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HILS Market Data

Currency UK Pounds
Price 1,314.00p
Change Today -6.00p
52 Week High 1,510.00p
52 Week Low 901.00p
Volume 11,333
Shares Issued 79.48m
Market Cap 1,044.32m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HILS Dividends

  Latest Previous
  Interim Interim
Ex-Div 03-Dec-20 28-Nov-19
Paid 08-Jan-21 03-Jan-20
Amount 9.20p 10.60p

Trades for 01-Dec-2020

Time Volume / Share Price
14:41 90 @ 1,311.27p
14:41 42 @ 1,314.00p
14:41 20 @ 1,314.00p
14:41 105 @ 1,314.00p
14:39 191 @ 1,312.00p

HILS Key Personnel

Chair Alan Giddins
CFO Hannah Nichols