Slow turnaround for HSS Hire as new CEO announced
HSS Hire Group, the tool hire company with the majority of its workforce based at Manchester’s Trafford Park, has narrowed its first quart losses as it continues a cost savings drive.
The company saw first quarter turnover dip 4.9% to £80.2m for the 13 weeks to April 1, but said this reflected one week's less trading in the period and the closure of 55 branches through the fourth quarter of 2016 and the first quarter of 2017.
Adjusted EBITDA had improved on last year to -£4.5m (2016: -£7.4m).
HSS said that sales initia... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
