Founded in 1977, Speedy Hire is the UK's leading provider of tools and equipment hire services to a wide range of customers in the construction, infrastructure, industrial, and support services markets, as well as to local trade, and retail. The Group provides complementary support services through the provision of training, asset management and compliance services.

03 Dec 2024

Speedy Hire - HY Results - Investor Presentation video - 27 November 2024

Dan Evans (CEO) and Paul Rayner (CFO) of Speedy Hire plc hosted an Investor Presentation covering highlights of the company's Half Year results for the six months to 30th September. The company posted resilient 1H results against a challenging but manageable market backdrop, with a modest decline in revenues but an increase in gross profit margins from 54% to 56%.

Management discussed their continued investment in the Velocity strategy and hire fleet capital spend to drive contract wins and renewals, and that October and November trading has started well. The team provided a detailed financial and business update, and highlighted that the Board anticipates the Group meeting its full year expectations. Finally management answered a wide range of questions submitted by viewers.

The full video has been divided into chapters, as below:
0:00:03 Introduction
0:00:16 Highlights of the period
0:05:41 Financial update
0:18:08 Business update
0:26:15 Strategy & Transformation
0:36:52 Summary and outlook
0:38:48 Questions & Answers

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