Its latest financial results, for the year to 31st March 2024, show revenue of 拢421m, down from 拢440m in 2023.
Adjusted profit before tax was 拢14.7m, down 52% from last year (2023: 拢30.7m).
Pre-tax profits were affected by high operational gearing, increased interest costs and normalised performance of Speedy鈥檚 Kazakhstan joint venture, Speedy Zholdas.
The company said its 鈥榁elocity鈥� restructuring strategy is going well with continued investment in business transformation despite a 鈥榗hallenging鈥� market.
Chief executive Dan Evans said: 鈥淪peedy delivered a resilient financial performance, making positive strategic progress over the year, despite the challenging macro-economic environment.
鈥淲e continue to improve our customer proposition, investing in technology and AI capabilities, sustainable products and our people, to position the group strongly for profitable growth. I am particularly pleased with our progress building the foundations for growth, executing the 鈥楨nable鈥� phase of our Velocity strategy, which is focused on transformation and operational efficiency.
鈥淭he new financial year has started well with performance in line with board expectations and I am pleased that since the year end, we have also secured further contract wins and renewals with key customers,鈥� he added.
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