Shares of Speedy Hire Plc (SDY.L) are down 13 percent on Thursday's trading after the company said in its latest trading update for the full year ended March 31 that it expects annual EBITDA to be around 90 million pounds.
On the LSE, SDY.L is currently down 12.7 percent on Thursday trading at 19.21 pence.
The British tools and equipment hire services company said that while some customer-led delays did impact hire and service revenues, these are expected to benefit performance in the near term.
During the year, Speedy Hire had signed an important commercial agreement with Proservice Building Services Marketplace Plc, which is expected to generate 50 million pounds to 55 million pounds in revenue and be significantly earnings accretive in the first full year.
Speedy Hire said that in spite of the ongoing economic and geopolitical uncertainties, the Board remains confident in its outlook for fiscal 2027 and beyond. The company will announce its full-year results on June 17.
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