International Rental News - June 2014 - page 44

44 IRN100
IRN JUNE 2014
=40 45 Neff Rental 226 209 Miami, FL, USA USA Construction 64 1050 +1 305513 3350
equipment www.neffrental.com
42 53 Solaris Equipamentos 224 178 SãoPaulo, Brazil Brazil, Argentina Construction rental 14 400 +55 11 21738685
E Servicos www.solarisbrasil.com.br
43 47 APR Energy 223 201 Jacksonville, Global Power, TC – 1000 +1 904 223 2278
Florida www.aprenergy.com
44 61 Sunstate 222 157 EST Phoenix, AZ, USA Construction 54 1156 +1 602 275 2398
Equipment Co USA equipment www.sunstateequip.com
45 =35 Komatsu Rental 219 268 Yokohama, Japan Japan Construction 118 930 +81 45 274 3337
equipment www.komatsu-rental.co.jp
46 32 Boom Logistics 218 275 Melbourne, Australia Cranes andaerial 40+ 1000+ +61 398640200
Australia platforms www.boomlogistics.com.au
47 43 MaximCrane 210 EST 220 EST Bridgeville, PA, USA Cranes andaerial 31 – +1 4125040200
USA platforms www.maximcrane.com
48 44 Mills Estruturas e 207 218 RiodeJaneiro, Brazil Aerial platforms, 51 2093 +55 21 21 233 700
Serviços de Brazil telehandlers, www.mills.com.br
Engenharia formwork, shoring
49 38 NESRentals 206 1 245 EST Deerfield, USA Construction 77 – +1 800NESRENT
IL, USA equipment www.nesrentals.com
50 48 ADCO 200 EST 200 Ratingen, 56 countries Portable toilets – – +49 21028520
Germany worldwide www.adco.de
TURNOVER TYPEOF
RANK (€MILLION) AREASOF RENTAL NUMBEROF
14 13 COMPANY 13/14 12/13 HEADOFFICE OPERATION COMPANY DEPOTS STAFF CONTACTDETAILS
Indeed, of the 10 Japanese companies listedon the
IRN 100, all but one either remained in the same
position as the 2012 or lost ground on the ranking
year-on-year, despite in many cases growing their
local currency revenues.
Take Aktio Corp, for instance – the highest-ranking
Japanese rental company in the IRN100 . Its
revenues in Euros totalled €929 million, ranking it
sixth in the list.However, if theYenhadn’tdepreciated
over the year, this would have translated to €1.18
billion, taking it to fifthplace.
Healthy growth
Adjusting for currency changes between 2012 and
2013 shows that, overall, IRN100 company
revenues grew by 7.5%, which is a
healthy growth rate given the
wider economic backdrop. Much
of this growth relates to North
American businesses, where
year-on-year corrected growth
was 10.7%. Japanese companies also
saw very respectable increases, with an
averageof 7.9%.
European IRN100 firms saw a much more
modest average growth of 2%, while companies
TABLE 3
IRN100 Drop-outs
COMPANY 2013REVENUES (€M)
Grupo Eurogruas 70
HUNERental 68.9
SkanskaMaskin 62.7
De Boer Structures 55.1
MCCPlant Hire (Mutual Construction Co)* 38.1
*Plant hire represented 13%ofMCCGroupactivities in the year to 30June 2013.
at the end of 2012, Algeco Scotsman acquired
Target Logistics in February 2013, a US provider of
full-service remote workforce accommodation, for
around US$625 million. It then went on to expand
in China, entering a joint venture with Beijing
Chengdong International Modular Housing Company
tomanufacture, rent and sellmodular space inChina
under theAlgecoChengdongname.
At thesame time, CoatesHirewashitbyaslowdown
in Australia’s natural resources sector, while HERC
saw growth, but not enough tomaintain its position
in the ranking.
European companies
There are 40 European companies featured in the
2013 IRN100, compared to 44 last year. This year’s
ERN50 ranking of the top 50 European
companies by rental revenues totalled €10
billion, representing a slight fall against the
figureof €10.24billion recorded for 2012.
Indeed, the influence of Europe on the
IRN100 is lesseningyearbyyearasother
regions grow at a faster rate. However,
entrants from developing markets remain
elusive – large rental companies
are still a rarity in Asia and South
America, but growth is clearly
trickling through.
Meanwhile, as far as capital expenditure is
TABLE4
IRN100 Newentrants
RANK COMPANY REVENUES
60 National Pump Est 156
62 Compact Power Est 145
Equipment rental
63 NCSG Est 144
=64 TNTCrane &Rigging Est 141
92 Equipme+nt Depot Est 89
in the rest of the world were almost flat at +0.4%.
That flat result reflects the slowAustralian economy,
which has offset growth among the South American
andMiddleEast companies in the list.
Revenues for the top fivecompanieson the listwere
up 10.9% to €8.98 billion (on a ‘corrected’ currency
basis). The big three global players maintained their
2012 positions, with United Rentals remaining the
largest rental company in the world, followed by
AggrekoandAshsteadGroup.
However, therewas change at places four and five,
withAlgecoScotsman jumpingup fromseventhplace
in the 2012 IRN100 ranking to fourth place this
year, knocking Coates Hire out of the top five and
shunting Hertz Equipment Rental Co (HERC) down
to fifth.
After completing a massive
refinancing programme
Loxam’s rental revenues slipped slightly year-on-year, but it
improved its position in the ranking by one place to seventh ¬