AGM Statement and Notice of Interim Results
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Hargreaves Services plc
("Hargreaves", the "Company" or the "Group")
AGM Statement and Notice of Interim Results
Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the environmental, infrastructure and property sectors will hold its Annual General Meeting ("AGM") at 11am today at Hotel Indigo, Durham, DH1 3HP. Ahead of the AGM, the Group's Chair, Roger McDowell, has issued the following statement:
"The Board are pleased to confirm that all three business units; Services, Hargreaves Land and HRMS, have performed in line with expectations throughout the first four months of the year.
"The positive momentum in the infrastructure sector has continued into the current financial year benefitting our Services business. Work continues on the major projects at HS2 and Sizewell C Nuclear Power Station where the Group is utilising its broad skill set to bring these critical infrastructure projects to life. With over 70 term and framework contracts the Services business remains focused on the responsible growth of the contract book through targeting and successfully securing high-quality, robust contracts in areas where the Group can bring real value to our clients.
"Hargreaves Land has completed the first sale of its renewable energy land assets, which is a key milestone in the business illustrating the intrinsic value of the land and demonstrating our commitment to realising value from these developments. Additionally, the business has completed the sale of a 16 acre plot at the Blindwells development for total consideration of £11.5m in the first half.
"Trading at HRMS has remained stable despite the continued challenges with the German economy. Operations at the DK steel waste recycling facility remain in line with expectations.
"The Board remains confident in delivering full year results in line with market expectations.*"
A brief presentation will be delivered at the AGM by CEO, Gordon Banham. No new information will be disclosed and a copy of the presentation will be available on the Company's website later today here.
Notice of interim results
The Board expects to provide a further trading update in December 2025 prior to the announcement of the Group's interim results for the six months ending 30 November 2025 on Wednesday 28 January 2026.
*The Company considers consensus market expectations prior to the release of this announcement for the year ending 31 May 2026 to be revenue of £270.9m, PBT of £24.2m, EPS of 59.1p and cash of £32.7m.
For further details:
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Hargreaves Services Gordon Banham, Chief Executive Officer Stephen Craigen, Chief Financial Officer Simon Hicks, Chief Operating Officer
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Tel: 0191 373 4485 |
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Walbrook PR (Financial PR & IR) Paul McManus, Lianne Applegarth Joe Walker
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Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com Mob: 07980 541 893 / 07584 391 303 07407 020 470
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Singer Capital Markets (Nomad and Corporate Broker) Sara Hale, Phil Davies, Sam Butcher |
Tel: 020 7496 3000
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Cavendish Capital Markets Ltd (Joint Corporate Broker) Katy Birkin - Corporate Finance Jasper Berry / Tim Redfern - Sales / ECM |
Tel: 020 7220 0500 |
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About Hargreaves Services plc (https://www.hsgplc.co.uk/)
Hargreaves Services plc is a diversified group delivering services to the environmental, industrial and property sectors, supporting key industries within the UK and South East Asia. The Company's three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH ("HRMS"). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks. Hargreaves Land is focused on the sustainable development of brownfield sites for both residential and commercial purposes. HRMS trades in specialist commodity markets and owns DK Recycling, a specialist recycler of steel waste material. Hargreaves is headquartered in County Durham and has operational centres across the UK, as well as in Hong Kong and a joint venture in Duisburg, Germany.
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