26th Sep 2006 07:03
Speedy Hire PLC26 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 tradingin 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 to31 August 2006 increasing by 29%. The Tool Hire Division increased turnover by 15% with an underlying like forlike 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 welland the business is performing in line with our expectations. In addition, theEquipment Division has opened five greenfield sites. The Board is confident that Speedy Hire has continued to win market share andthat the business remains on track to deliver another year of good growth. Speedy Hire will be announcing its interim results on Wednesday 22 November2006. www.speedyhire.plc.uk Speedy Hire Plc Hudson SandlerSteve Corcoran, Chief Executive Nick Lyon / Kate Hough Neil O'Brien, Group Finance DirectorTel: 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. TheCompany operates from over 300 depots throughout the UK. The Group has alsocommenced trading in the Republic of Ireland. The Group's activities are the provision for hire of small tools, portableaccommodation, compressed air, pumps, lifting and material handling, survey andmeasurement instrumentation and power generation equipment. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Speedy Hire