Ashtead Technology Holdings Plc provided revenue guidance for the year ended 31 December 2021. For the year, the company strongly throughout the year, benefitting from improving market conditions across both the Company's offshore wind and oil and gas end markets. Unaudited full year revenues are expected to be approximately £55 million, up 30% on the prior year and ahead of the Board's previous guidance.

This outperformance was driven by both equipment rental and a higher than anticipated level of new equipment sales in the fourth quarter, driven by customer demand. Equipment rental has seen improved utilisation, and a recovery in pricing from the prior year impact of COVID-19.