Speedy Hire is the UK and Ireland’s leading provider of tools, specialist equipment and services operating from a nationwide network of c.180 depots. Its activities comprise: Hire (59% FY23 revenue); generated from a broad range of plant, equipment and tool assets as well as transportation & repair income), Services (40%); includes third party asset re-hire, training, testing and the sale of fuel & other consumables, and Other (c.1%); asset disposals. During FY24, Speedy transitioned its trade/retail presence with B&Q to a digital fulfilment model. SDY also has two JV operations: Speedy Zholdas (in Kazakhstan, since 2013) and Speedy Hydrogen Services (UK, launched in H224).
Meeting revised expectations
Having last updated the market on 3 February, Speedy’s FY25 outturn has been consistent with...
Read moreTrading slower to pick up in Q4
The material AMEY contract came on stream as planned but best expectations for H2 have been undone...
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Positive start to important H2 trading period
Market conditions have been challenging but Speedy has delivered resilient metrics in H125 trading...
Read morePositioned for H2 growth
Consistent with Speedy’s AGM statement (on 5 September) H125 hire segment revenue is in line with...
Read moreSpeedy Hire plc: Working smarter, aiming higher - Initiation
During a period of less favourable market conditions, Speedy Hire has taken a progressive approach...
Read moreFocused on delivery
Headline FY24 results were behind the prior year as expected but the underlying core hire and...
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Building a robust platform for growth - FY24 pre-close statement
Against a tough trading background in FY24, Speedy Hire has taken steps to build a platform for...
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