UK's Speedy Hire plummets on profit warning
03/02/2025 08:33
** Speedy Hire SDY.L plunges 27.9% to 19.84p
** Construction and industrial tools provider says its
full-year profitability will come in below expectations
** Says co logged promising y/y growth in quarter ended Dec.
31, 2024, with hire rev for December rising 5% y/y
** Expects net debt at January-end to be ~123 mln pounds
(~$151 mln) vs year-ago 113 mln pounds
** Peel Hunt sees slashing FY25 and FY26 estimates by about
8.5 mln-10.5 mln pounds
** SDY fell ~31% in 2024
($1 = 0.8139 pounds)
(Reporting by Yamini Kalia in Bengaluru)
((Yamini.Kalia@thomsonreuters.com;))