REG - Speedy Hire PLC - AGM Statement

Speedy HireAnnouncement

04/09/2025 07:00

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RNS Number : 9265X  Speedy Hire PLC  04 September 2025

Speedy Hire Plc

("Speedy Hire", "the Company" or "the Group")

 

 4 September 2025

 

AGM Statement

 

Speedy Hire Plc, the UK and Ireland's leading provider of tools, specialist
equipment and services, provides an update on the Group's business and trading
performance in advance of its Annual General Meeting later today.

Business and trading update

Overall market conditions remain subdued and while the UK Government's
commitment to growth has yet to translate into meaningful stimulus across key
sectors, we are well positioned for the opportunities this should provide in
our end markets.

Hire revenue is marginally behind the same period last year although,
consistent with prior periods, we anticipate a second-half weighting to both
revenue and profit, reflecting seasonal trading patterns, the timing of major
customer activity and anticipated growth in our trade & retail customers.
We are also encouraged by recent contract wins. Management continue to apply
rigorous discipline to costs, margin and pricing which should yield further
benefit in the second half.

On the basis of the above, the Board's expectations for the full year remain
unchanged.

 

 

 

Enquiries:

 

Speedy Hire
Plc
Tel: 01942 720 000

 

Dan Evans, Chief Executive

Paul Rayner, Chief Financial Officer

 

Teneo
 
            Tel: 020 7427 5494

 

Jo Blackshaw

Giles Kernick

 

Notes:

 

Explanatory notes:

 

Forward looking statements: The information in this release is based on
management information. This report includes statements that are forward
looking in nature. Forward looking statements involve known and unknown risks,
assumptions, uncertainties and other factors which may cause the actual
results, performance or achievements of the Group to be materially different
from any future results, performance or achievements expressed or implied by
such forward looking statements. Except as required by the Listing Rules and
applicable law, the Company undertakes no obligation to update, revise or
change any forward looking statements to reflect events or developments
occurring after the date of this report.

 

Notes to Editors: Founded in 1977, Speedy Hire is the UK's leading provider of
tools and equipment hire services to a wide range of customers in the
construction, infrastructure, industrial, and support services markets, as
well as to local trade, and retail. The Group provides complementary support
services through the provision of training, asset management and compliance
services. Speedy Hire is certified nationally to ISO50001, ISO9001, ISO14001,
ISO17020*, ISO27001 and ISO45001. The Group operates from 135 Service Centres
and on-site locations across the UK and Ireland and through a joint venture in
Kazakhstan. *Lloyds British National Contracts only.

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