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Profits down at Speedy Hire as low volumes persist

The company is having to rebuild its reputation with investors amid tricky trading conditions
November 23, 2023
  • Margins maintained
  • Falling income from Kazakhstan venture

Equipment rental group Speedy Hire (SDY) appears to have tempted fate by calling its turnaround strategy “velocity”. The company’s interim results showed that it’s difficult to maintain momentum – let alone increase it – in the current economic climate.

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