Manchester-based tool rental firm HSS Hire has said its "strong performance" has continued during its latest financial quarter.
The listed company has confirmed its underlying revenue in the second quarter of 2021 was 2% ahead of FY19 levels.
The second quarter's EBITDA and EBITA remain ahead of the comparable FY19 levels with the group's "digitally-led, lower cost operating model delivering further margin expansion".
Based on the performance in the second quarter, EBITDA for 2021 is set to be "slightly ahead" of market expectations and EBITA is now anticipated to be "materially ahead" of expectations.
Chief executive Steve Ashmore said: "We are very pleased with how the group has continued to perform.
"Our strong operating profit performance, ahead of 2019 levels, is testament to the effectiveness of our digital strategy.
"Our embedded technology platforms combined with our partnership with builders merchants has allowed us to maintain national coverage while significantly lowering fixed costs and improving margins.
"Supported by very strong cash collection, we anticipate achieving our 2021 net debt leverage target of below 2x six months ahead of schedule.
"This strong performance has given us further confidence in our digital-focused model as we continue to build on our differentiated commercial proposition and capitalise on the market opportunities ahead of us."
