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Ashtead warns on profits

The equipment rental group is guiding to a fall in rental-only revenue in its largest market, the US, in April
Ashtead warns on profits

Equipment hire group Ashtead (AHT) says that while trading through to the second week of March was in line with expectations, it has since seen some disruption from Covid-19. Over in its largest market, the US, rental-only revenue is expected to come in 15 per cent lower year-on-year in April. The group expects underlying pre-tax profit of £1.05bn for the year ending 30 April, in line with analysts’ revised expectations, but down from the £1.11bn seen last year.

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