Speedy Hire PLC
26 September 2006
26 September 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 interim results for the six months to 30 September 2006.
The Group continues to make good progress, with turnover for the five months to
31 August 2006 increasing by 29%.
The Tool Hire Division increased turnover by 15% with an underlying like for
like turnover up 8%. We have opened six greenfield depots in the Tool Division.
The Equipment Division continues to progress with total turnover up 48% (29%
excluding LCH Generators). The integration of the LCH acquisition has gone well
and the business is performing in line with our expectations. In addition, the
Equipment Division has opened five greenfield sites.
The Board is confident that Speedy Hire has continued to win market share and
that the business remains on track to deliver another year of good growth.
Speedy Hire will be announcing its interim results on Wednesday 22 November
2006.
www.speedyhire.plc.uk
Speedy Hire Plc Hudson Sandler
Steve Corcoran, Chief Executive Nick Lyon / Kate Hough
Neil O'Brien, Group Finance Director
Tel: 01942 720 000 Tel: 020 7796 4133
Notes to Editors:
Speedy Hire is the UK's No.1 provider of tools and equipment for hire. The
Company operates from over 300 depots throughout the UK. The Group has also
commenced trading in the Republic of Ireland.
The Group's activities are the provision for hire of small tools, portable
accommodation, compressed air, pumps, lifting and material handling, survey and
measurement instrumentation and power generation equipment.
This information is provided by RNS
The company news service from the London Stock Exchange
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