The Tanfield Group plc, owner of Snorkel, said that trading in the second half of 2012 was similar to the first half, with the company’s order intake outstripping monthly shipment revenues. Lead times have extended as the growth rate was managed to ensure the company optimized the use of its working capital.
“Global demand for aerial work platforms continues to build, driven by fleet replacement at major rental operators,” said Tanfield CEO Darren Kell. “The company is expanding ways that will allow it to respond to that increased global demand and to reduce its lead times accordingly.”
Tanfield expects to announce its 2011 full-year results in April.
RER Reports will provide a further report on Snorkel’s presence at the Rental Show in an upcoming issue.