Hill & Smith Plc (HILS.L), in its trading update for the period ended April 30, said trading for the four months is in line with its expectations. The company added that it still expects fiscal 2025 underlying operating profit to be line with current analysts' estimates.
During the four-month period, the company said revenue rose 3 percent, on a constant currency basis, helped by a higher operating margin, compared to the same period last year. This was mainly due to high demand for infrastructure solutions in the US and a better performance in the UK, in spite of a subdued market environment, Hill & Smith added.
According to the company, its US Engineered Solutions division reported solid growth in the four-month period, aided by strong demand across its larger platform businesses. Operating margins were the same as the year-ago period, it added.
The company said that in the UK & India Engineered Solutions, the UK market saw lower demand as earlier anticipated, but profit rose, helped by increased project activity and continuous efforts in cost management and operational efficiency.
Hill & Smith, which provides sustainable infrastructure products and services, said that the Galvanizing Services segment performed better, helped by higher US volumes, in spite of early weather-related disruptions, and also stronger UK volume growth.
Looking ahead, the Group said that taking into account the trading performance till date, full year 2025 underlying operating profit is expected to be in line with current analyst consensus of 150.3 million pounds, within a range of 145.4 million pounds to 154.0 million pounds.
The company is scheduled to report its interim results for the six months ending June 30 on August 13.
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