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HSS Hire Service Group (“HSS Hire”), the national tool and equipment hire specialist, today announced fiscal 2010 first quarter revenue of £41.9m and EBITDA of £9.3m. Revenue grew 11% on a like for like basis over the same period of 2009. These results are strongly ahead of market performance and the group continues to trade profitably and perform well despite tough trading conditions.

Highlights

Current trading

• Revenue ahead 11% over Q1 2009 on a like for like basis driven by a mix of core and seasonal growth across all key customer segments
• Continued strong performance of Key Accounts
• Revenue growth coupled with strong cost control and increased productivity across branch and logistics operations has driven year on year EBITDA up 26% on a like for like basis over Q1 2009
• Branch network strengthened with opening of Oxford and Brighton Supercentres

Growth plans

• The group...

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