HSS Hire Group Loses Key Managed Service Contract

HSS Hire (GB:HSS) has released an update.

HSS Hire Group PLC, a leading UK and Ireland tool and equipment hire service, has lost a significant contract with Amey Plc, which previously contributed to 7% of its revenue and 10% of its Adjusted EBITA in 2023. The contract will conclude by December 2024, and further details will be provided during HSS’s AGM on June 26, 2024. This development follows a retendering process by Amey Plc and may affect HSS Hire’s financial position.

For further insights into GB:HSS stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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