Zigup - strong21 May 2026 10:50
.wealthoracle.co.uk/company-results
ZIGUP issued a positive pre-close trading update guiding FY26 PBT to the top of the previously communicated Β£150-155m range, ahead of the broker consensus around Β£151m. Performance was driven by continued outperformance in the Spanish vehicle rental and ancillary services business, with strong demand from corporate and SME customers and disciplined pricing supporting margin. Northgate UK&I performed in line with expectations following the restructuring announced earlier in the year, with the Mobility business continuing to focus on margin recovery and operational simplification. The FMG claims & incident management business delivered another solid year, benefiting from contract wins and disciplined cost management following the recent integration. Vehicle holding costs remain a tailwind as the residual values environment normalises. Net debt is consistent with the deleveraging trajectory communicated at the interims, with capital allocation prioritising the dividend and selective fleet investment. Strategic review of non-core operations continues. FY26 PBT at top of Β£150-155m range vs c.Β£151m consensus (beat). BEAT.
.wealthoracle.co.uk/company-results