Full-year results at Merseyside-headquartered Speedy Hire are set to beat current market expectations as the firm announced a surge in its interim revenue and profits.
The Newton-le-Willows-based construction, infrastructure and industrial equipment hire specialist has posted a revenue of £188.6m for the six months to the end of September 2021, up from £147m.
Its pre-tax profits totalled £14.3m after the company made a £400,000 loss during the same period in 2020.
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In an update to the London Stock Exchange, the business said market conditions "remain positive" and that "targeted price increases" are "offsetting cost pressures".
Chief executive Russell Down said: "We have delivered another strong set of results through the strength of our offering, efficient operational delivery and a supportive market backdrop.
"Our focus on ESG, digital and customer service including our four-hour delivery promise, has once again yielded customer renewals and market share gains.
"Positive trading momentum in recent months and the significant growth opportunities presented by major infrastructure projects give us confidence in delivering full year results ahead of current market expectations and sustainable growth in the medium term."
