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Zigup PLC on Wednesday said hire lengths have ‘substantially’ moderated from post pandemic tailwinds, as it started its new financial year with confidence for underlying growth opportunities. The Darlington, England-based company offering a range of mobility solutions including vehicle rental and fleet management said it expects to have finished the financial year that ended April 30 modestly ahead of market expectations. The company highlighted ‘strong’ demand for its rental products, especially in Spain. Zigup said its Claims & Services businesses delivered an improved performance in the first half, with hire lengths ‘substantially’ moderating from post pandemic tailwinds. Chief Executive Officer Martin Ward said: ‘With strong structural growth drivers including the shift to outsourcing and demand for our technology-enabled services, we start the new financial year with confidence for underlying growth opportunities. Outstanding customer engagement scores reflect our focus on simplifying and enhancing customer service, and the recent King’s Award for Enterprise is testament to the efforts we make to support our colleagues and nurture the next generation of automotive technicians, as we seek to deliver sustainable growth for all stakeholders.’ Zigup will release annual results on July 9. Zigup shares rose 3.2% to 351.00 pence each on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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