Hydrogen Group expects full-year results to be 'substantially ahead' of expectations
Recruitment outfit Hydrogen Group told investors on Tuesday that it had continued to perform well during the second half of its trading year and now expects full-year profits to come in ahead of expectations.
FTSE AIM All-Share
755.71
13:10 25/04/24
Hydrogen Group
42.50p
16:55 16/10/20
Support Services
10,602.93
13:10 25/04/24
Hydrogen revealed a strong set of figures as part of its interim results back in September and told shareholders that momentum had carried over into its second half, with trading remaining “robust across the group” as all regions outperformed the year before.
As a result, Hydrogen anticipates that its profits for the full year to be “ahead of current market expectations”.
The AIM-listed outfit also highlighted its balance sheet, which continued to strengthen as profit was converted to net cash.
Chief executive Ian Temple, said: “With the current levels of activity, the board is confident that the underlying profit and EPS for the full year will be substantially ahead of current market expectations."
As of 1050 BST, Hydrogen shares had blown up 11.62% to 55.25p.