Speedy Hire remains confident in full year

Tools and equipment hire business Speedy Hire said third quarter revenue increased from the same time a year earlier, and its performance in the final quarter to date underlines its confidence in meeting full year guidance.

Tools and equipment hire business Speedy Hire said third quarter revenue increased from the same time a year earlier, and its performance in the final quarter to date underlines its confidence in meeting full year guidance.

In the UK & Ireland revenue, during the quarter to February 12th 2013, rose 2% against the same period in the prior year, a year to date improvement of 2.2%.

"We have also continued to make good progress in our International business where Q3 revenue was up 37% against the same period in the prior year, a year to date improvement of 63%," the group said in a statement.

Importantly both margins and returns have continued to improve across the group, it added.

"Speedy's consistent strategy, market positioning and strong market share in key sectors continues to underpin the on-going progress being made by the group," it explained.

The figures exclude the disposed accommodation business and before planned disposals of hire fleet.

CJ

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021