Ashtead Group PLC (LSE:AHT)
£ 62.84 -0.02 (-0.03%) Market Cap: 27.45 Bil Enterprise Value: 35.78 Bil PE Ratio: 22.26 PB Ratio: 4.78 GF Score: 93/100
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Q1 2021 Ashtead Group PLC Earnings Call (Bondholders) Transcript

Sep 08, 2020 / 03:00PM GMT
Release Date Price: £27 (+0.26%)
Operator

Hello, ladies and gentlemen, and welcome to this Ashtead Group plc Quarter 1 Bondholder Call. On the call are Chief Executive, Brendan Horgan; and Finance Director, Michael Pratt. Before I hand over, can I just remind you that this call is being recorded. (Operator Instructions)

I'm now delighted to introduce Michael Pratt. Please begin your presentation.

Michael Richard Pratt
Ashtead Group plc - Group Finance Director, Group Treasurer & Director

Good afternoon. The webcast of our earlier analyst meeting and the related slide presentation are available on our website, and I'll refer to these slides during the call.

So I'll begin by commenting on some of the financial highlights from the release in the event you missed the webcast and then open the call up for questions. As an overview, we performed strongly in all our geographies in challenging circumstances. The group's results for the first quarter set out on Slide 6. Group rental revenue declined 8% on a constant currency basis. This revenue decline had a negative impact on margins,

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