Ashtead revenues and profits soften but cash flow swells

  • Ashtead Group PLC (LSE:AHT) reported a softer revenue and profit performance in its final quarter but strong cash generation for the year and an increased dividend. In its last set of final results as a FTSE 100 company, as it prepares to switch its main listing from London to New York and change its name to Sunbelt, the construction equipment hire group hailed a record year of rental revenue but saw total turnover decline 1% to $10.8 billion, reflecting lower sales of used equipment.