Today’s H1 pre-close statement highlights that after a slightly better revenue performance and further costs (>100 employees laid off), PBT is now expected to be ahead of full year expectations at c.£11.0m vs. our forecast of £9.8m. We will reflect this in our forecasts in due course. With a number of self help measures now executed, trading is continuing to stabilise. However, whilst Speedy’s revenue trend is positive, it is still undergoing significant operational changes, implying further exc ....
30 Sep 2016
N+1 Singer - Speedy Hire - Further cost cuts and a better revenue performance drive upgrades
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N+1 Singer - Speedy Hire - Further cost cuts and a better revenue performance drive upgrades
Speedy Hire Plc (SDY:LON) | 26.7 -0.2 (-3.3%) | Mkt Cap: 123.3m
- Published:
30 Sep 2016 -
Author:
Greg Poulton -
Pages:
3
Today’s H1 pre-close statement highlights that after a slightly better revenue performance and further costs (>100 employees laid off), PBT is now expected to be ahead of full year expectations at c.£11.0m vs. our forecast of £9.8m. We will reflect this in our forecasts in due course. With a number of self help measures now executed, trading is continuing to stabilise. However, whilst Speedy’s revenue trend is positive, it is still undergoing significant operational changes, implying further exc ....