Speedy Hire (LON: SDY) interims were in line with expectations and price increases will help the second half performance. Investment in the hire fleet puts Speedy Hire in a good position as markets could become tougher.
Speedy Hire hires equipment to construction, infrastructure and industrial customers. The regional and local customer base is growing, and Speedy Hire is also tendering for large contracts.
In the six months to September 2022, revenues from continuing activities improved by 14% to £212.4m, but underlying pre-tax profit dipped from £14.6m to £14.1m. That was mainly due to...
