Interim results were well flagged in the H1 update on 19th September. We upgraded our PBT forecasts by 6%, 5% and 3% in each forecast year on 2nd October. Today’s results deliver further upgrades, with management confident of delivering a full year result ahead of expectations. We expect to upgrade our PBT forecast by around 6% in the current year, with outer years also moving up. The Group achieved PBT of £10.8m in H1, up 58.8% year on year. Speedy trades on an FY’18 EV/EBITDA multiple of 5.2x ....
14 Nov 2017
N+1 Singer - Speedy Hire - Delivering further upgrades in today’s interims
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N+1 Singer - Speedy Hire - Delivering further upgrades in today’s interims
Speedy Hire Plc (SDY:LON) | 27.5 0.2 3.0% | Mkt Cap: 127.0m
- Published:
14 Nov 2017 -
Author:
Greg Poulton -
Pages:
3
Interim results were well flagged in the H1 update on 19th September. We upgraded our PBT forecasts by 6%, 5% and 3% in each forecast year on 2nd October. Today’s results deliver further upgrades, with management confident of delivering a full year result ahead of expectations. We expect to upgrade our PBT forecast by around 6% in the current year, with outer years also moving up. The Group achieved PBT of £10.8m in H1, up 58.8% year on year. Speedy trades on an FY’18 EV/EBITDA multiple of 5.2x ....