Ashtead Group PLC (OTCPK:ASHTF)
$ 81.3 0.91 (1.13%) Market Cap: 34.87 Bil Enterprise Value: 45.64 Bil PE Ratio: 22.97 PB Ratio: 4.85 GF Score: 95/100
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Q3 2022 Ashtead Group PLC Earnings Call (Bondholders) Transcript

Mar 08, 2022 / 03:00PM GMT
Release Date Price: $64.02 (+6.26%)
Michael Pratt
Ashtead Group PLC - CFO

Thank you and good afternoon, everyone. With me today are Brendan Horgan, our Chief Executive; and Will Shaw, our Director Investor Relations. The webcast of our earlier analyst meeting and the related slide presentation are available on our website, and I will refer to those slides during this call. I'll begin by commenting on the financial highlights in the release in the event that you missed the webcast and then open the call for your questions.

The group's results for nine months are shown on slide 6 and, as you'll now be accustomed, they're presented in US dollars. We had another strong quarter and hence nine months with good momentum across the business. As a result, group rental revenue increased 21% on a constant currency basis in the nine months and 25% in the third quarter.

While for the nine months the [comparatives] were affected by the pandemic, there was little or no effect on third-quarter trading last year, emphasizing the strength of our performance. This can be seen clearly when compared with the first nine months of 2019-2020

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