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Speedy Hire
Speedy Hire (SDY) investor relations material
Speedy Hire Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary2 Apr, 2026
Strategic progress and commercial agreements
Achieved significant strategic progress in FY2026, including a major commercial agreement with ProService, expected to generate £50-55m in revenue and be significantly earnings accretive in its first full year.
Successfully completed the 'Enable' phase of the Velocity strategy, positioning the business for future growth.
Market conditions and financial performance
Market conditions worsened in Q4 due to UK Budget uncertainty and geopolitical events in the Middle East.
Customer-led delays impacted hire and service revenues, with positive effects expected in the near term.
FY2026 EBITDA is now expected to be approximately £90m.
Balance sheet and outlook
Net debt at 31 March 2026 is expected to be around £159m, including a £35m investment in ProService.
Meaningful deleverage anticipated in FY2027 due to strong operating cash flow.
Board remains confident in the outlook for FY2027 and beyond despite ongoing economic and geopolitical uncertainties.
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Latest events from Speedy Hire
- Margins and cash flow improved despite lower revenue, with strong contract wins and digital growth.SDY
H2 20243 Feb 2026 - Improved margins and strong cash conversion support growth and a positive outlook.SDYH1 202513 Jan 2026
- ProService deal and new contracts drive growth and cash flow despite margin pressure.SDYH1 202628 Nov 2025
- Gross margin rose to 56.7% as digital and ESG investments support future growth.SDYH2 202512 Nov 2025
- Hire revenue steady, services down, but new contracts set to boost H2 growth.SDYTrading Update13 Jun 2025
- FY2025 results on track; £225m refinancing boosts flexibility for future growth.SDYTrading Update6 Jun 2025
- Lower full-year profitability expected amid economic slowdown and project delays.SDYTrading Update6 Jun 2025
Next Speedy Hire earnings date
H2 202617 Jun, 2026
Speedy Hire
Next Speedy Hire earnings date
H2 202617 Jun, 2026
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