HML Holdings PLC Trading Update and Notice of Results (5752L)
May 01 2020 - 2:00AM
UK Regulatory
TIDMHMLH
RNS Number : 5752L
HML Holdings PLC
01 May 2020
HML Holdings plc
("HML" or the "Group")
Trading Update and Notice of Results
HML Holdings plc (AIM: HMLH), a leading provider of property
management, insurance and ancillary services to residential
property blocks, announces that the board anticipates being able to
report revenue in line with management's expectations, with profits
slightly behind management's expectations for the 12 month period
ended 31 March 2020.
The board looks forward to releasing results in relation to this
period on 1 July 2020.
COVID-19 update
Following the UK Government lock down HML successfully moved 95%
of its service delivery into an environment of home working. Whilst
it presented the operation with some initial challenges these have
largely been overcome and we do not see any long-term impact on the
delivery of our service to our geographically spread client
base.
We also do not see any long-term impact on the Group's wider
strategic plan other than to curb any HML acquisition activity in
the immediate future. In the short term, a reduction in a number of
the ancillary revenue streams will impact the Group's financial
performance, but it is expected that this will not have lasting
economic consequences once the Government starts to open up the
economy.
For further information, please contact:
www.hmlgroup.com
HML Holdings plc Tel: 020 8439 8529
Alec Guthrie, Chief Executive Officer
James Howgego, Chief Financial Officer
finnCap Tel: 020 7220 0500
Ed Frisby / Giles Rolls - corporate finance
Camille Gochez - ECM
Tavistock Communications Group Tel: 020 7920 3150
James Verstringhe / Jeremy Carey
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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END
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