Zigup expects FY results to beat market forecasts

(Sharecast News) - Truck rental and mobility services firm Zigup said it ended its financial year strongly, with results ahead of market expectations. The company, which has networks across the UK, Ireland and Spain, said it saw strong demand for rental products across its geographies towards the end of the financial year ended 30 April, particularly in Spain.

Meanwhile, the claims and services businesses delivered an improved performance compared with the first half, though hire lengths have now substantially moderated from post-pandemic tailwinds.

'The strength of ZIGUP's business model continues to be reflected in the performance delivered across FY2025, with a strong Group result from our diversified businesses at different stages in their cycles," said chief executive Martin Ward in a pre-close trading update on Wednesday.

"It is also seen in the high levels of support and demand from our lenders, allowing us to refinance with extended maturities out to beyond 2030 on improved commercial terms."

Shares were up 3.4% at 351.5p by 1037 BST.