Hill & Smith sees 'strong' trading in UK and US

Infrastructure products and galvanizing services provider Hill & Smith told investors on Thursday that its 2019 trading performance looked set to be in line with market expectations.

Hill & Smith said it had continued to see "strong" trading in its core UK and US markets, with group revenues for the period increasing by 8.0% to £243.6m.

Underlying group operating profits were also ahead of the same period last year but H&S cautioned that it had continued to face challenges within its Scandinavian business.

During the period, H&S completed its acquisition of Tamworth, UK-based company Parking Facilities for £12.4m on a debt and cash-free basis, with trading so far said to have been "encouraging".

The FTSE 250-listed group will publish its preliminary results for the year ending 31 December 2019 on 4 March 2020.

As of 0825 GMT, Hill & Smith shares had dipped 2.33% to 1,339p.