06 Jun 2023

SP Angel Spec Sits HERC: H1 2023 - On track to beat 50% y/y growth

Hercules plc (HERC:LON) | 36.5 -0.3 (-2.1%) | Mkt Cap: 29.4m

- Tania Maciver
- 5 pages

HERC reported its H1 2023 financial results with strong growth across all divisions. Revenue was £37m +85.4% y/y (H122: £19.9m). Gross profit increased by 71% to £6.9m (H122: £4.0m) though actual gross margins were down ~1% from 19.7% reported for 2022. Adj. EBITDA was £1.127m +73% y/y (H122: £0.650m). Also, the Board announced an interim dividend of 0.6p/share (H122: 0.6p/shr).

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SP Angel Spec Sits HERC: H1 2023 - On track to beat 50% y/y growth

Hercules plc (HERC:LON) | 36.5 -0.3 (-2.1%) | Mkt Cap: 29.4m

Published: 06 Jun 2023
Author: Tania Maciver
Pages: 5

HERC reported its H1 2023 financial results with strong growth across all divisions. Revenue was £37m +85.4% y/y (H122: £19.9m). Gross profit increased by 71% to £6.9m (H122: £4.0m) though actual gross margins were down ~1% from 19.7% reported for 2022. Adj. EBITDA was £1.127m +73% y/y (H122: £0.650m). Also, the Board announced an interim dividend of 0.6p/share (H122: 0.6p/shr).