Market Updates
Europe Movers: Speedy Hire
Inga Muller
19 Jun, 2025
Frankfurt
Speedy Hire Plc. traded down 2.3% at 25.50 pence after the provider of tool and equipment hire services in the UK and Ireland reported results for the fiscal year ending on March 31.
Revenue declined to £416.6 million from £421.5 million, net income swung to a loss of £1.1 million from a profit of £2.7 million, and diluted earnings per share swung to a loss of 24 pence from a profit of 58 pence a year ago.
Sales in the hire segment rose 0.6% in the year, while in the services segment they were down 2.8% from a year earlier due to a decrease in wholesale prices and some softening in volume sales.
Excluding fuel, services revenue increased by 4.5%, driven by growth in customer solutions and Lloyds British, the company’s testing, inspection, and certification business.
The company proposed a final dividend of 1.80 pence per share, resulting in full-year dividend of 2.60 pence per share, unchanged from a year earlier.
“We have ambitious targets for future growth under our Velocity Strategy and expect to generate returns from the investment made over the last two years as markets recover,” the company said in a release to investors.
“In spite of challenging end markets, we have continued to invest in our transformation program and our new fleet and have been rewarded with a number of significant multi-year contract wins, which will impact fiscal year 2026 and beyond,” the company added in the statement.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|