All Financial results Articles

Terex Corp is on course to reach its target operating profits of $475 to $525 million for the full year.

Sales rise +23% compared to the first quarter of 2011, while +29% rise in profits leads to increase in full-year forecast.

Lavendon reported an 8% increase in revenues in the first three months of the year, with growth led by France and the Middle East, both of which reported more than 25% increases in rental revenues.

United Rentals said its first quarter results showed record levels of time utilisation, fleet growth and EBITDA profits on revenues of US$656 million, a year-on-year increase of 25.4%.

Haulotte Group's first quarter sales grew by 24% to €89 million, with equipment sales up 28.4% and service and rental revenues increasing by 2% and 14.1%, respectively.

APR Energy (APR) has won two new contracts, in Cyprus and Mexico, to supply a total of 220 MW of temporary power.

The 2011 end of year results for Tanfield, Snorkel's parent company, indicate that 2012 will be the year the company enjoys an upturn in business. At the end of 2011 the company's order book was up 296% (to £30.5 million) compared to the same time in 2010 and although Tanfield enjoyed an 11% increase in turnover (£48.3 million) compared to 2010, the company still made an operating loss of £14.99 million although this was reduced by 5% from the 2010 figures.

GAM debt rescheduling deal sees the majority of repayments deferred to 2015.

Online heavy equipment marketplace IronPlanet saw a +15% increase in gross merchandise volume (GMV) for 2011

Loxam’s recovery continued in 2011 with revenues increasing by 14.8% to €806.7 million and EBITDA profits rising 13% to €264.9 million.

Australian mining equipment rental company Emeco is to move into Chile this summer, its first involvement in the Latin American mining market.

Aggreko is to spend £350 million on expanding its power rental fleet in 2012 - £30 million more than previously announced - after posting yet another set of good financial results and in expectation of "strong growth" in the first half of this year.

French manufacturer Manitou saw its full 2011 fiscal year earnings up 35 percent over 2010.

For its third quarter (ending 31 January 2012) The Ashtead Group has reported record profits, and good progress across the board - particularly for its USA Sunbelt division.

GAM Alquiler, the financially troubled Spanish rental company, made a €128 million loss in 2011, more than double that of the previous year. The loss includes a €58 million goodwill impairment charge in Spain as well as €25.2 million one-off costs relating to tax and asset impairment.

The Lavendon Group's end of year figures for 2011 show a 21% increase in operating profit with revenue up 4% on 2010 - profit was £30 million and revenue £225.4 million in 2011.

Coates Hire revenues for the six months to 31 December were up 28% to A$637 million, reported Seven Group in its half-yearly results.

Hertz Equipment Rental Co (HERC) reported its fourth consecutive quarter of double digit growth with revenues for the final three months of 2011 up 11.1% to US$317.9 million. Pre-tax profits rose 77% to $62.1 million.

Ramirent continued to its growth trajectory in the final quarter of 2011 with sales up 24.4% to €186.8 million and net operating profits more than doubling to €25.5 million. Sales for the full year rose by 22.3% to €649.9 million and operating profits increased by 149.3% to €74.1 million.

Terex Aerial Work Platforms saw the biggest increase in revenues of all the Terex divisions in 2011 posting a 63% increase to US$1.75 billion, with operating profits of $60.4 million compared to just $2.8 billion in 2010.