Speedy Hire (LON: SDY) is still expected to report improved profit for the year to March 2020 despite the initial effect of COVID-19. The equipment hire and services provider will report the full year figures on Tuesday.
There should not be any surprises in the figures themselves. Pre-tax profit is forecast to improve from £31.4m to £35m, which is faster than the 4% increase in revenues to £411m. This shows a continued improvement in margins.
Net debt is expected to decline from £89.4m to around £80m. By May, the figure had fallen to £68m. The bank facilities total £180m and last until O...
