Reuters logo
BRIEF-Ashtead posts Q1 pretax profit of 229 mln stg
September 12, 2017 / 6:29 AM / 11 days ago

BRIEF-Ashtead posts Q1 pretax profit of 229 mln stg

Sept 12 (Reuters) - Ashtead Group Plc

* Q1 PRETAX PROFIT 229 MILLION STG VERSUS 178 MILLION STG YEAR AGO

* Q1 PRETAX PROFIT ‍228.9​ MILLION STG VERSUS 177.9 MILLION STG IN Q1 2016

* Q1 UNDERLYING RENTAL REVENUE ‍828.8​ MILLION STG VERSUS 660.8 MILLION STG IN Q1 2016

* Q1 ‍377​ MILLION STG OF CAPITAL INVESTED IN THE BUSINESS (Q1 2016: 328 MILLION STG)

* Q1 NET DEBT TO EBITDA LEVERAGE OF ‍1.7​ TIMES (Q1 2016: 1.7 TIMES)

* ‍IT IS TOO EARLY TO ATTEMPT TO QUANTIFY IMPACT OF HURRICANES HARVEY AND IRMA ACCURATELY ON OUR BUSINESS​

* ‍EVIDENT THAT HURRICANES WILL RESULT IN AN INCREASE IN DEMAND FOR OUR FLEET AND WE WILL PROVIDE AN UPDATE AT END OF Q2​

* ‍WE EXPECT THAT IMPACT WILL HELP TO UNDERPIN CURRENT MARKET ASSUMPTIONS IN OUR 2021 PLAN​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below