WORLD NEWS
■
Dinolift Oy has
appointed
Petri
Paavolainen
as
its new managing
director. The
appointment will
came into effect on 1 March 2014.
Petri has been a member of the
board of directors of Dinolift since
2012.
Karin Nars
, who has
served as the managing director
of the company since 2011, will
continue in the company as sales
director and executive chairman
of the board. In 2014, Dinolift
will be introducing a new logo to
celebrate the 40th anniversary of
its aerial work platforms.
■
Nigel Stevens
has joined
AFI as group health, safety,
environment and quality manager
(HSEQ). He will be responsible
for AFI’s HSEQ operations in the
UK and also in the UAE and Saudi
Arabia.
■
Speedy has promoted
Mark
Rogerson
, its recently appointed
chief operating officer, as chief
executive. He replaces Steve
Corcoran who made the decision
to resign following the revelation
of accounting regularities at
Speedy’s Middle East business.
PEOPLE
FINANCIAL HIGHLIGHTS
8
access
INTERNATIONAL
MARCH-APRIL 2014
Company
Currency Start date Previous Current
%
21/6/02 24/01/14 21/03/14 change
Acces Industrie
E
1.34
3.20
3.4
6
Aichi Corporation YEN(¥)
208
467
431
-8
Ashtead Group
UK£
0.47
7.70
9.38
22
Kanamoto
YEN(¥)
–
2725
3040
12
Lavendon
£
1.85
1.95
2.36
21
Haulotte Group
E
9.00
10.54
14.93
42
Oshkosh Corp
US$
–
50.96
57.17
12
Tanfield Group
UK£
–
0.16
0.14
-12
Terex Corp
US$
23.08
37.92
42.23
11
Ramirent
E
15.00
8.90
8.53
14
United Rentals
US$
21.47
79.50
95.5
20
ASI Index
100
483.51
563.55
17
access
SHARE INDEX (ASI)
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■
Terex
saw a 1.4% increase in revenues to US$ 7.08 billion and a 14% gain
in operating profits to US$ 419 million last year thanks to a surge in sales from its
aerial work platform (AWP) and telehandler business, Genie. The company’s other
business lines generally performed weaker last year than in 2012. Terex chairman
and CEO, Ron DeFeo said, “This past year was a tale of two halves, with the second
half of the year significantly stronger than the first half.”
■
Sales at
JLG
increased 15% to US$668.6 million in the first quarter of its 2014
financial year, compared to the same period last year. The improvement was
primarily driven by increased fleet replacement in North America and Europe. JLG’s
operating income increased 84.6% to $90.3 million, or 13.5% of sales, compared to
the first quarter 2013 operating income, which stood at $48.9 million.
■
Haulotte’s
revenues last year rose 3% on 2012 levels to
€
343 million (US$
466 million), this was despite a -3% decline in revenues in the fourth quarter of the
year, when the company’s sales fell to
€
85.6 million (US$ 116 million), compared
to
€
88.3 million (US$ 120 million) for the same period in 2012.The company said it
suffered from negative exchange rates in 2013, and that most of the growth it saw
was driven from the Latin American and Asia-Pacific regions.
■
ATN’s
turnover increased by 25.39% in 2013 compared with 2012, which
followed a 90% increase between 2011 and 2012. Before this period, the French
manufacturer solely supplied equipment to rental company Acces Industrie. In
recent years ATN decided to spread its wings and offer its products to other big
rental companies. Operational profit shows a stark contrast from 2012, when it
stood at -
€
238000, to +
€
512000 in 2013 .
Time International has introduced a new truck-mount that can be
operated with a standard driver’s licence. The new 24 m Versalift
VTX-240 comes mounted on a 3.5 tonne Mercedes-Benz Sprinter or a
Nissan Cabstar truck.
It offers an up and over reach of 11 m vertically up, and 12.5
m horizontally out. This is enabled by a new boom design that has
two three-stage telescopic booms with a patent-pending moveable
knuckle in between.
“It redefines the 3.5 tonne GVW class of lift vehicles targeted at
the rental industry,” said a company spokesman. The Versalift VTX-
240 can be used to access work sites below ground level.
Skyjack shines in 2013
and earnings for Linamar,” said
Linda Hasenfratz, Linamar CEO.
“Financially we saw double digit
sales growth, driven by market
share growth in both our vehicle
and access markets, eclipsed by
excellent earnings growth to
drive margins to above target
levels, all of which drove massive
cash generation to allow us to
dramatically reduce debt levels.
“At the same time we registered
record levels of new business wins
to solidify our growth over the
next several years.
“We have an excellent team
that is firing on all cylinders right
now, we feel great about where we
are and where we are headed at
Linamar.”
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Linamar group’s industrial
segment, made up largely by
Skyjack, showed significant rises
in its 2013 financial year.
Operating earnings were up
129.1% to US$52 million in the
year, compared to 2012, based on
a sales increase of 16.8%.
In the fourth quarter
product sales increased 27.9%
or $24.8 million to $113.6
million, compared to the same
period in 2012. Fourth quarter
operating earnings increased by
an impressive $4.9 million, or
1633.3%, over the 2012 fourth
quarter.
The group put its overal
improved sales figures down to
increases in demand in the access
equipment markets in North
America and Europe; increased
market share, particularly in
boom products, at Skyjack; and
higher sales from emerging global
markets such as Brazil.
Across the group, sales
increased 11.6% in the year to
reach $3.6 billion, while operating
earnings were up 46.5% over 2012
to $320.1 million.
“We are thrilled to register
another fantastic quarter to
close out a record year in sales
