Speedy Hire (GB:SDY) has released an update.
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Speedy Hire Plc reports a decrease in annual revenue by 4.3% to £421.5m and a significant reduction in adjusted profit before tax by 52.1% for the fiscal year ended March 2024, amidst a challenging market environment. Despite these downturns, the firm has generated a substantial free cash flow of £23.5m and continued to invest in growth opportunities, including the acquisition of Green Power Hire Limited and the launch of a hydrogen-powered equipment range. With new contract wins and a positive start to the new financial year, Speedy Hire remains cautiously optimistic for FY2025.
For further insights into GB:SDY stock, check out TipRanks’ Stock Analysis page.
