02.11.2010

HSS up 14%

UK based rental company HSS has reported third quarter revenues of £44.6 million, up 14 percent on the same quarter last year. Year to date revenues are up 13 percent to £126.6 million.

The company has not released its detailed number but has said that Earnings Before Interest, Depreciation and Amortisation jumped 31 percent for the quarter and 29 percent for the nine months.

The company has spent £12.3 million on capital expenditure, including £2 million that it has brought forward from 2011.

HSS chief executive Chris Davies, said: “The company continues to make very good progress in challenging conditions. This has been achieved by focusing on customers, colleagues, costs and cash. Although we remain cautious on the outlook for the rest of the year and into next, our progress has prompted us to bring forward investment in the business from next year into this.”