London · Delayed Price · Currency is GBP · Price in GBX Zigup Earnings Call Transcripts
Fiscal Year 2026
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Revenue and fleet on rent grew over 5% year-over-year, with Spain delivering standout 16% rental revenue growth. Underlying EBIT rose 9.7% and steady-state cash increased to GBP 96 million. Guidance remains positive, with margin and cash targets underpinned by ongoing simplification and disciplined capital allocation.
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First half results showed strong revenue and profit growth, with Spain delivering standout double-digit gains and the U.K. and Ireland focusing on higher-margin opportunities. Full-year profit is expected at the top end of guidance, and operational changes are set to deliver significant future savings.
Fiscal Year 2025
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Delivered results above expectations with strong growth in Spain and resilient U.K.&I performance. Investments in technology, people, and fleet support future growth, while normalization of disposal profits and cost pressures were managed. Confident outlook for mid to high single-digit EBIT growth in FY 2026.
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Interim results show revenue growth, strong cash generation, and robust rental performance, especially in Spain. Market normalization and disciplined capital allocation support a positive outlook, with steady-state cash flows expected to exceed £200 million by FY27.
Fiscal Year 2024
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Record results driven by strong revenue and EBIT growth, robust demand, and operational expansion in the UK and Spain. Increased CapEx will accelerate fleet renewal, with cash flow expected to rebound after FY 2025. Leverage remains stable, and the outlook is positive with a strong pipeline.