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Speedy Hire issues second profit warning

Tool and plant hire group prepared for a rush of winter orders, but mild weather led to a dip

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Speedy Hire says it will meet lower end of expectations as revenue dips

The tool and equipment rental company is in the middle of a transformation which has seen it redefine its relationship with B&Q.

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Speedy Hire Sees Decline In Annual Revenue

Speedy Hire Plc (SDY.L), a tool and equipment hire service provider, said on Wednesday that it expects a decline in revenue for the full year, mainly due to underperformance of its regional base, reduction in wholesale fuel prices, and performance of its seasonal products, which were impacted by the warmer winter.

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Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue

UK tool and machinery specialist Speedy Hire said its 2023 was hit by softer demand and warmer than expected weather.

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Speedy Hire revenue dips as warm winter hits tool rental firm

The business said it would still meet the expectations the board had set it, but warned it would be at the lower end of its forecast.

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