Speedy Hire PLC
05 April 2006
5 April 2006
Speedy Hire Plc
('Speedy Hire' or 'The Group')
Trading Update
The Board of Speedy Hire is pleased to provide the following update on trading
in advance of its preliminary results for the 12 months ending 31 March 2006.
Trading for the first 11 months of the year has been strong with total turnover
increasing by 22%. This increase reflects Speedy's organic growth, new
greenfield depots and our recent acquisitions. Our markets remain solid and we
continue to win market share.
The Tool Division has generated a like for like increase of 9% with all regions
experiencing record levels of trading. Our Equipment division, which allows us
to offer a broader range of products to ever wider markets, has performed well
and has been the focus of our acquisition programme.
During the financial year Speedy has made four acquisitions for a total
consideration of £35m and these are being integrated into the Speedy network.
Our strong balance sheet enables us to consider further acquisition
possibilities as they arise in a still fragmented sector.
Speedy Hire will announce its preliminary results on 31 May 2006.
www.speedyhire.plc.uk
Speedy Hire Plc Hudson Sandler
Steve Corcoran, Chief Executive Nick Lyon
Neil O'Brien, Group Finance Director James Benjamin
Tel: 01942 720 000 Tel: 020 7796 4133
Notes to editors:
Speedy Hire is the number one provider of equipment hire services in the UK,
operating from over 300 depots throughout the country. The Group is focused
primarily on tool hire, with complementary businesses specialising in portable
accommodation, lifting equipment, surveying and measurement instruments and
compressed air and power generating equipment.
This information is provided by RNS
The company news service from the London Stock Exchange
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