U.K.’s Lavendon Posts 23 Percent Volume Jump

Dec. 22, 2006
British aerial rental company Lavendon Group PLC last week said its full-year performance is ahead of the company’s expectations and it expects even further progress in 2007.

British aerial rental company Lavendon Group PLC last week said its full-year performance is ahead of the company’s expectations and it expects even further progress in 2007.

Company officials said 2006 full-year volume increased 23 percent compared with 2005, through a combination of organic growth and acquisitions. The officials said that although debt levels have increased following the acquisitions made in Germany and the United Kingdom, strong operational cash flows and improved trading performance support the debt.