Hercules Site Services exceeds market expectations with 2024 revenue and earnings growth

Proactive - Interviews for investors

Hercules Site Services PLC (AIM:HERC) CEO Brusk Korkmaz and chief financial officer Paul Wheatcroft talked with Proactive's Stephen Gunnion about the company's strong 2024 financial performance and future growth prospects. Korkmaz shared that Hercules is set to achieve a record-breaking £105 million in revenue for the year ended September 2024, a 24% increase from the previous year’s £84.7 million. He reflected on the company’s journey, highlighting the dedication of its team, and expressed pride in hitting the £100 million milestone after 16 years of hard work. Wheatcroft emphasised that Hercules surpassed market expectations, not only in revenue but also in adjusted EBITDA and pre-tax profits. He noted that the company’s core divisions have delivered increased organic revenues, supported by growth in the UK infrastructure and construction sectors. In addition to financial growth, Korkmaz discussed the recent £8 million fundraising, aimed at strengthening the company’s balance sheet and capitalising on infrastructure opportunities. With significant investments pouring into the UK’s infrastructure projects, including net-zero initiatives and nuclear power developments, Hercules believes it is well-positioned for further growth in 2025. Visit Proactive’s YouTube channel for more videos, and don't forget to like the video, subscribe to the channel, and enable notifications for future content. #HerculesSiteServices #UKInfrastructure #RevenueGrowth #ConstructionSector #FinancialResults #Fundraising #NetZero #Teesside #SizewellC #Investing #BusinessGrowth #proactiveinvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews