Speedy Hire recovery set to continue

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 ...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.