RER Magazine

SUBSCRIBE NOW!

Newsletters

RER REPORTS
RER PRODUCT WIRE

Newsletters

Stay up-to-date on the latest marketing intelligence and opportunities.

RER Reports RER ProductWire
Subscribe

Issue Archive

Event Calendar

Green Industry and Equipment Expo

Power-Gen International

Dec. 2-4
Orlando, FL
www.power-gen.com

World of Concrete

Feb. 3-6, 2009
Las Vegas Convention Center
Las Vegas, NV
www.worldofconcrete.com

The Rental Show

March 2-5, 2009
Georgia World Congress Center
Atlanta, GA
www.therentalshow.com


         Subscribe in NewsGator Online   Subscribe in Bloglines  

Lavendon Enjoys Strong First Five Months

Lavendon Group, U.K.’s leading aerial rental company, last week said its volume rose 48 percent in the first five months of 2007 over the same period last year, based on organic growth and recent acquisitions. Lavendon’s interim results for the first six months of the year through June 30 will reveal a pre-tax profit higher than analysts’ expectations, company officials said.

In the United Kingdom, volume is 26-percent higher with improved margins. The company’s recent acquisitions of Wizard Workspace and Rise Hire will contribute to the company's performance in the second half of 2007.

In Germany, volume rose 134 percent, primarily as a result of its acquisition of Gardemann, a large German rental firm. Company officials said the German operation is now profitable. Volume has declined in France, however.

Revenues in Spain have jumped 33 percent, with a corresponding improvement in operating margins, Lavendon executives said. Growth in the Middle East continues strong as well in rental and sales of equipment, with an 83-percent revenue hump in the first half of 2007.


Commenting terms of use blog comments powered by Disqus

Want to use this article? Click here for options!
© 2008 Penton Media Inc.

most recent story

popular articles

Popular Articles

Stock Block

Buyers Guide

Buyers Guide

The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.

Learn More
Sourcebook

Rental Rate Guide

Rental Rate Guide 2008

Want to know how much equipment is renting for these days? Find out in RER’s original 2008 Rental Equipment Rate Guide.

Learn More Add to Shopping Cart
Sourcebook