Ashtead Beats Expectations and Hikes Dividend

Rental equipment firm Ashtead reported a 17% rise in profits as its defied concerns about the outlook for the construction sector

Holly Black 18 June, 2019 | 11:53AM

ashtead

 

A thriving U.S. economy and a weaker pound helped Ashtead (AHT) to a strong set of results. The firm reported that revenue from rentals was up 18% to £4.1 billion in the year to 30 April while pre-tax profits climbed 17% to £1.1 billion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Ashtead Group PLC2,738.00 GBX2.20
Ferguson PLC7,594.00 GBX0.50
Kier Group PLC149.10 GBX6.05

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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