IN BRIEF: Zigup eyes adjusted pretax profit at top end of expectations
Zigup PLC - Darlington, England-based vehicle rental and management firm - Says that financial year ended in late April ‘ended strongly’ amid vehicle-on-hire growth in Spain and UK & Ireland, and ‘good’ progress in Claims & Services. Zigup expects to report financial outturn for financial 2026 to be at the top end of market consensus, citing an adjusted pretax profit range of £154.5 million to £159.3 million. For financial 2025, the firm had reported an adjusted pretax profit of £166.9 million. Zigup will publish annual results on July 8.
Chief Executive Officer Martin Ward says: ‘Customers are clearly seeing significant value in our service-led offering, and I am very pleased with the contributions from across our divisions this year. Average vehicle on hire is up 4.9% for the year and we have secured a number of valued contract wins and renewals, underpinning this good momentum; steady state cash generation has stepped up materially and supports our ambition for further growth.’
Current stock price: 434.50 pence, up 2.5% on Thursday morning in London
12-month change: up 23%
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