Interim Management Statement

RNS Number : 7486X

Speedy Hire PLC

13 February 2013

 



13 February 2013

Speedy Hire Plc

('Speedy' or 'the Group')

Interim Management Statement - Consistent Strategy Delivering Results

Speedy Hire Plc, the UK's largest provider of tools and equipment for hire and associated services, with a growing presence supporting its customers internationally, is today releasing its interim management statement in respect of the period 1 October 2012 to 12 February 2013.

In the UK & Ireland, Q3 revenue* was up 2.0% against the same period in the prior year, a year to date improvement of 2.2%.  We have also continued to make good progress in our International business where Q3 revenue* was up 37% against the same period in the prior year, a year to date improvement of 63%.  Importantly both margins and returns have continued to improve across the Group.

Speedy's consistent strategy, market positioning and strong market share in key sectors continues to underpin the on-going progress being made by the Group.  Performance in Q4 to date enables the Board to reiterate its confidence in meeting its expectations for the full financial year.

*excluding the disposed accommodation business and before planned disposals of hire fleet.

For further information:

Speedy Hire Plc	Hudson Sandler
Steve Corcoran, Chief Executive Lynn Krige, Group Finance Director Tel:  [phone] www.speedyhire.plc.uk	Nick Lyon Tel: [phone]

Note - Forward looking statements

The information in this release is based on management information.

This report includes statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Company undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date of this report.

Notes to Editors:

Founded in 1977, Speedy is the leading UK provider of equipment rental and support services to a wide range of clients across the construction, infrastructure, industrial, manufacturing and facilities management sectors - as well as to local trades and industry.

Operating from 268 fixed sites - together with a number of on-site facilities at client locations throughout the UK, Ireland and from an international hub based in the Middle East - the Group supplies a range of services including:

·      the provision of small tools and equipment	·      compressed air
·      surveying and measurement instrumentation	·      lighting equipment
·      lifting and materials handling equipment	·      temporary power generation
·      low level access equipment	·      mechanical pumps
	·      temporary site communications

The Group also provides associated services through the provision of training, asset management and testing, repair, inspection and maintenance (TRIM).

Speedy is accredited nationally to ISO9001, ISO14001 and OHSAS18001. In addition we nationally hold HAE SAFE Hire accreditation, as well as Achilles Link-up, UVDB, Building Confidence and F-Pal.  Further accreditations include Constructionline, SAFEcontractor, CHAS, LEEA and BITC Gold Award for CR Index 2012.

 

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