UK's Speedy Hire falls after FY profit drop

Speedy Hire

18/06/2025 08:57

** Shares of construction and industrial tools provider Speedy Hire SDY.L falls 6.1% to 25.07p

** Stock among top losers on FTSE small-cap .FTSC index

** Co posts FY adjusted PBT of 8.7 million pounds ($11.71 million) vs 14.7 million pounds a year ago

** Says confident in achieving its full-year expectations

** Near-term headwinds faced by co are market-driven, with
future earnings being driven by operational and strategic actions, analysts at Peel Hunt say

** Brokerage says co is well-positioned to capitalise on market recovery

** Including session moves, SDY down ~11% YTD

($1 = 0.7432 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))