Speedy Hire ( (GB:SDY) ) has shared an update.
Speedy Hire Plc has reported a robust trading performance for the fiscal year ending March 31, 2025, despite challenging market conditions. The company experienced marginal growth in hire revenue, impacted by economic conditions and slower growth in the Trade & Retail sector. However, it remains optimistic about future opportunities, particularly with government infrastructure programs and new multi-year contracts. The company has also refinanced its borrowings, enhancing its financial flexibility with a new £225m facility, comprising a revolving credit facility and a private placement term loan, to support its growth strategy.
Spark’s Take on GB:SDY Stock
According to Spark, TipRanks’ AI Analyst, GB:SDY is a Neutral.
Speedy Hire’s overall stock score reflects mixed financial performance with strong cash flow management but challenges in income growth and leverage. The technical analysis points to a bearish trend, while the valuation shows potential unprofitability concerns. However, insider confidence through share purchases adds a positive note, suggesting potential future improvements.
To see Spark’s full report on GB:SDY stock, click here.
More about Speedy Hire
Founded in 1977, Speedy Hire is the UK’s leading provider of tools and equipment hire services to a diverse customer base in the construction, infrastructure, industrial, and support services markets, as well as local trade and retail sectors. The company also offers complementary support services including training, asset management, and compliance services, and operates from 135 service centers across the UK and Ireland, with a joint venture in Kazakhstan.
YTD Price Performance: -31.57%
Average Trading Volume: 1,359,490
Technical Sentiment Signal: Buy
Current Market Cap: £86.92M
For detailed information about SDY stock, go to TipRanks’ Stock Analysis page.