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 Royal Station Hotel, Neville Street, Newcastle Upon Tyne, NE1 5DH. Ahead of the AGM, the Group’s Chair, Roger McDowell, has issued the following statement:
“The Board is pleased to report that the Group has made a good start to the financial year, with trading in line with the Board's expectations.
“The Group has continued to make progress in securing new work in its target markets. This includes the recently announced engineering project at Sizewell C and the 15-year logistics contract with Re.Group in support of the UK Deposit Return Scheme in Scotland.
“The Sizewell C award provides further visibility over the Group's medium-term workload and supports existing forecasts for FY27 and FY28. The Re.Group contract, which is expected to commence in October 2027, further strengthens the Group's longer-term earnings visibility and is expected to contribute from FY28, with its full impact in FY29 and beyond.
“The Board remains confident in the Group's prospects and expects to deliver results for the year ending 31 May 2027 in line with current market expectations. *”
A brief presentation will be delivered at the AGM by Simon Hicks, Chief Executive. No new material 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 2026 prior to the announcement of the Group’s interim results for the six months ending 30 November 2026 on Wednesday 27 January 2027.
*The Company considers consensus market expectations prior to the release of this announcement for the year ending 31 May 2027 to be revenue of £292.1m, PBT of £17.8m, EPS of 48.8p and cash of £26.3m.
For further details:
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Hargreaves Services Simon Hicks, Chief Executive Stephen Craigen, Chief Financial Officer |
Tel: 0191 373 4485 |
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Walbrook PR (Financial PR & IR) Paul McManus, Anna Dunphy, Nick Rome |
Tel: 020 7933 8780 or [email protected] Mob: 07980 541 893 / 07584 391 303 07876 741 001 |
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Singer Capital Markets (Nomad and Corporate Broker) Shaun Dobson, Russell Cook, Dan Ingram |
Tel: 020 7496 3000 |
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Cavendish Capital Markets Ltd (Joint Corporate Broker) Adrian Hadden, Jasper Berry, Sunila de Silva |
Tel: 020 7220 0500 |
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About Hargreaves Services plc (www.hsgplc.co.uk)
Hargreaves Services plc is a diversified group delivering services to the core markets of Environmental services, Clean Energy, and Connectivity, supporting key industries within the UK and internationally. The Company operates through three divisions as follows: Services, Land, and a German joint venture.
Services is the core of the Group, providing specialist contracted services to critical projects in the Connectivity, Clean Energy and Environmental markets. Its services include but not are not limited to earthmoving, waste management, materials handling, industrial services, mechanical and electrical contracting, and logistics. With a strong base of long-term customer relationships, and expertise in critical sectors, Services is well positioned to benefit from the substantial opportunities in the UK’s significant infrastructure market.
Land is focused on unlocking value from the Group’s land portfolio through residential and commercial development, as well as strategic disposal opportunities. The proven strategy is increasingly built around realising value from legacy assets in order to return value to shareholders.
Germany operates in specialist industrial raw materials trading and recycling markets. This includes DK Recycling, a specialist recycler of steel waste.
Services is increasingly becoming the central driving force behind Hargreaves’ growth, and Land is being progressively monetised to realise value from its assets, while Germany is being optimised to increase its contribution to the Group’s dividend.
Hargreaves is headquartered in Newcastle-upon-Tyne and has operational centres across the UK and internationally.
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