Record revenue performance for Hill & Smith

SOLIHULL-based infrastructure products supplier Hill & Smith has seen both its revenue and profit increase in the year to December 31 – its revenue to a record level.

Annnouncing its results to the London Stock Exchange this morning, the Shirley firm revealed revenue of £454.7m compared to £444.5m in 2013 and profit before tax up from £41.2m to £46m.

The firm said stronger end markets and active portfolio management drove its improved returns while the UK Road Investment Strategy (RIS) has provided significant mid-term funding.

Chief executive Derek Muir said: “2014 has been another good year for the group resulting in record revenue generation and profitability.
 
“Trading conditions in many of our end markets continued to improve throughout the second half which, together with the implementation of strategic initiatives to increase returns, delivered strong year on year profit growth.
 
“Overall, although some markets remain challenging, 2015 is again expected to be a year of good growth.”