Half-year results for 26 weeks ended 27 June 2020

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[{"type":"text","content":"\n \n \n \n RNS Number : 4386B\n HSS Hire Group PLC\n 08 October 2020\n  \n \n \n \n HSS Hire Group Plc\n \n \n Interim report: Half-year results for the 26 week period ended 27 June 2020\n \n \n Resilient performance, digital strategy accelerated\n \n \n HSS Hire Group plc (\"HSS\" or the \"Group\") today announces results for the 26 week period ended 27 June 2020.\n \n \n  \n \n \n \n \n \n \n Financial Highlights1 (Unaudited) \n \n \n \n \n H1 2020 \n \n \n (IFRS 16 basis)\n \n \n \n \n H1 2020\n \n \n \n (\n \n \n non-IFRS16 basis)\n \n \n \n \n  \n \n \n \n H1 2019\n \n \n \n (\n \n \n non-IFRS16 basis)\n \n \n \n \n  \n \n \n \n Change \n \n \n (excl IFRS 16)\n \n \n  \n \n \n \n \n \n \n Revenue\n \n \n \n \n £125.8m\n \n \n \n \n £125.8m\n \n \n \n  \n \n \n \n £161.4m\n \n \n \n  \n \n \n \n (22.1)%\n \n \n \n \n \n \n Adjusted EBITDA2\n \n \n \n \n £28.7m\n \n \n \n \n £16.8m\n \n \n \n  \n \n \n \n £27.0m\n \n \n \n  \n \n \n \n (37.9)%\n \n \n \n \n \n \n Adjusted EBITDA margin\n \n \n \n \n 22.8%\n \n \n \n \n 13.3%\n \n \n \n  \n \n \n \n 16.7%\n \n \n \n  \n \n \n \n (3.4)pp\n \n \n \n \n \n \n Adjusted EBITA3\n \n \n \n \n £1.1m\n \n \n \n \n £(0.3)m\n \n \n \n  \n \n \n \n £8.8m\n \n \n \n  \n \n \n \n £(9.1)m\n \n \n \n \n \n \n Adjusted EBITA margin\n \n \n \n \n 0.9%\n \n \n \n \n (0.2)%\n \n \n \n  \n \n \n \n 5.4%\n \n \n \n  \n \n \n \n (5.6)pp\n \n \n \n \n \n \n ROCE4\n \n \n \n \n \n n/a\n \n \n 6\n \n \n \n \n \n 16.2%\n \n \n \n  \n \n \n \n 21.9%\n \n \n \n  \n \n \n \n (5.7)pp\n \n \n \n \n \n \n Net debt leverage5\n \n \n \n \n \n n/a\n \n \n 6\n \n \n \n \n \n 2.9x\n \n \n \n  \n \n \n \n 3.0x\n \n \n \n  \n \n \n \n 0.1x\n \n \n \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n \n \n \n Other extracts\n \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n  \n \n \n \n \n \n Operating (loss) / profit \n \n \n \n \n £(0.7)m\n \n \n \n \n £(2.4)m\n \n \n \n  \n \n \n \n £4.8m\n \n \n \n  \n \n \n \n £(7.1)m\n \n \n \n \n \n \n Loss before tax\n \n \n \n \n £(12.9)m\n \n \n \n \n £(12.5)m\n \n \n \n  \n \n \n \n £(7.4)m\n \n \n \n  \n \n \n \n £(5.1)m\n \n \n \n \n \n \n Total Basic (loss)...

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