Speedy Hire has signalled that it is fully through a transformation process and clearly focused on profitable growth. H1 revenue (ex-disposals) was almost 7% higher, at £183m, and management flagged that it expects to exceed previous adjusted PBT expectations for the full year by c 6-7%, which will form the base for future years. The positive results, benefiting from the recent operational restructuring, two recent bolt-on acquisitions and positive demand, point to sustained investor support.
30 Nov 2017
Speedy Hire - Confident of sustainable UK earnings growth
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Speedy Hire - Confident of sustainable UK earnings growth
Speedy Hire Plc (SDY:LON) | 26.4 -0.1 (-1.3%) | Mkt Cap: 121.9m
- Published:
30 Nov 2017 -
Author:
Stephen Rawlinson -
Pages:
2 -
Speedy Hire has signalled that it is fully through a transformation process and clearly focused on profitable growth. H1 revenue (ex-disposals) was almost 7% higher, at £183m, and management flagged that it expects to exceed previous adjusted PBT expectations for the full year by c 6-7%, which will form the base for future years. The positive results, benefiting from the recent operational restructuring, two recent bolt-on acquisitions and positive demand, point to sustained investor support.