Business
Capital Markets Day
Capital Markets Day.
About this update from Speedy Hire Plc
[{"type":"text","content":"\n\n\n\nSpeedy Hire Plc\n(\"Speedy\", \"the Company\" or \"the Group\")\n \n \n \n \n11 July 2023\nCapital Markets Day\n \nSpeedy Hire, the UK and Ireland's leading provider of tools, specialist equipment and services, is today hosting a Capital Markets Day for investors and analysts at its Innovation Centre in Milton Keynes (the \"CMD\").\n \nThe day is intended to provide further details on Velocity, the Company's new five year transformation and growth strategy to support the Company's mission to be the most efficient and sustainable UK hire business: digital and data driven, optimised through operational excellence, and powered by our people.\n \nThe Group has set 5 year financial targets:\n· Revenues of c.£650m\n· Increasing EBITDA margins to c.28%\n· Maintaining net debt to EBITDA in the range of 1.0-1.5x\n \nThe Velocity strategy is driven by the growth engines of core hire; specialist products and services; and trade and retail markets. Delivery of the strategy is supported by the strategic pillars of:\n· People First: aiming to be a Top 100 employer;\n· ESG: making hire the first choice;\n· Digital: being easy to do business with; and\n· Modern workplace: AI driven technology to automate process and enhance performance\n \nDan Evans, CEO commented:\n \n\"We are excited to share the details on Velocity, our five year transformation and growth strategy to support the Company's mission to be the most efficient and sustainable UK hire business. We look forward to hosting this at our Innovation Centre in Milton Keynes, which will also give us the opportunity to show our strategy in action. I am confident Velocity will support the delivery of our five year targets, driving long-term value for all of our stakeholders.\"\n \nThe Company will not give an update on current trading today.\n \nA copy of the presentation will be made available on the Company's website later today.\n \n \nEnquiries:\n \n &nbs...