Tool rental firm
Delivering its results for the year ended
Revenue also plummeted 18 per cent to £269.9m, as its markets felt the strain of unrelenting Covid restrictions.
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However, investors cheered the results and change in strategy, with shares up seven per cent to 21.4p
Despite a year of disruption, CEO
“We have had an encouraging start to 2021, with earnings before interest in the first quarter ahead of 2019 and 2020 levels.
“We are well positioned to capitalise on market opportunities as we continue to build on our differentiated commercial proposition to create the most advanced, customer-centric offer in the tool hire marketplace.”
Following the full year update, shares in
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