7
NEWS
KHL Group and
International Rental
News (IRN)
have
published a new
report giving
detailed analysis
of the worldwide
equipment
rental market
using historical data on the
world’s top 100 rental companies.
Rental
Trends & Benchmarks Report
provides a
global overview of the industry by using
eight years of data from the
IRN
100 survey
published by
IRN
. The report presents
benchmark figures for rental performance,
including average revenues per employee,
average revenues per location and average
employees per location. For more details
see the Information Store at KHL’s website:
SHARE PRICES
Start date Previous mth
Current mth
% change
COMPANY
11/1/06
27/11/13
13/1/14
Acces Industrie (France)
€
0.47
2.35
2.52
+7.2%
Aggreko (UK)
£
2.75
15.56
17.14
+10.2%
Ashtead Group (UK/US)
UK£
1.83
6.90
7.76
+12.5%
Boom Logistics (Australia)
A$
3.70
0.14
0.12
-14.3%
Cramo (Fin)
€
13.0
16.47
16.20
-1.6%
GAM SA (Spain)
€
8.00
0.76
0.66
-13.2%
GL events (France)
€
29.96
17.59
18.52
+5.3%
H&E Equipment
US$
–
27.97
32.23
+15.2%
Kanamoto
Yen
–
2501
2621
+4.8%
Lavendon (UK)
UK£
2.20
1.81
2.15
+18.8%
Mobile Mini (US)
US$
46.2
40.50
41.01
+1.3%
Ramirent (Finland)
€
23.43
9.69
9.67
-0.2%
Speedy Hire (UK)
UK£
8.32
0.64
0.68
+6.2%
United Rentals (US)
US$
24.9
69.04
75.68
+9.6%
IRN
INDEX
100.0 232.4
252.7
+8.7%
Note: The index is based on aggregate changes in market values of the companies in the list.
The initial index value of 100 is based on values on 11 January 2006.
IRN
Rental Share Index
Fraikin boss takes
over at Manitou
IRN JANUARY 2014
Former CEO of European truck rental
group Fraikin, Michel Denis, is the
new president and CEO of Manitou
Group. He took over from interim CEO
Dominique Bamas on 13 January.
Mr Denis, who will serve a four year
term, joined Fraikin in 2003 and rose to
become CEO. Fraikin operates a rental
fleet of 60000 vehicles in Europe. He
has also worked for Johnson Controls,
the industrial and commercial
refrigeration specialist.
Marcel Braud, chairman of the
Manitou board, said the appointment
was the start of a new chapter at
the company; “I’m confident that his
experience will permit him to continue
the operating reforms already
launched and accelerate the group’s
adaption to the markets evolution.”
Mr Braud paid tribute to Mr Bamas,
who has resigned in accordance with
the agreement with Manitou when he
took over as interim CEO last March;
“During this period he stabilised
financing for the next five years,
reduced the debt and initiated a
combination of optimisation programs
and developments from which the
group should benefit in the upcoming
years.”
United to
boost used
fleet exports
United Rentals aims to boost export
sales of used equipment from its
fleet from 5% to 30% by 2018.
United, which currently has
100000 items for sale with an
original cost of US$700 million, is
aiming to reach emerging markets
such as South America, the Middle
East, Africa and Asia Pacific.
The strategy, said Tim Rule, vice
president of market development,
is to create a market for excess
fleet during downturns in North
America and to act as a ‘relief valve’
during low utilisation months.
United has four dedicated export
sales staff in place, including three
based in Latin America. The existing
online listings pages will be made
available in multiple languages
during 2014.
The equipment currently for sale
includes 15000 aerial platforms and
telehandlers, with 9000 scissors,
1500 booms and 3500 telehandlers
available.
Michel Denis, Manitou CEO.
Front cover
A KHL EXECUTIVE REPORT
GLOBAL ANALYSIS OF RENTAL COMPANIES,
FLEET TRENDS, CAPITAL EXPENDITURE
AND BENCHMARK DATA
RENTAL TRENDS &
BENCHMARKS REPORT
A 2008 Genie
Z-45/25J
boom
Volvo Rents acquired by Platinum
Volvo is to sell its North American
rental business Volvo Rents to US
private equity firm Platinum Equity
for SEK 7.2 billion (€800 million).
The transaction includes only the
Volvo Rents operations in the US,
Canada and Puerto Rico, which has
annual revenues of around €450
million and employs 2100 people.
Volvo Rents was established in 2001
by Volvo Construction Equipment
(Volvo CE) but was split away from
the construction business in April 2011
to become a stand-alone company
within Volvo AB. Since then it has
grown rapidly through more than 50
acquisitions.
“We looked at different alternatives
to grow Volvo Rents’ business and
concluded that the best alternative
is to sell the operation to another
owner”, said Olof Persson, Volvo Group
president and CEO, “Volvo Rents’
business does not have a sufficiently
strong connection with the Group’s
core operation to motivate continued
ownership.”
Outside North America, the Volvo
Rents brand is used by Volvo CE for
its dealer-rental operations, with
a team of around 11 people led by
global rental director Bud Howard
establishing dealer rental activities.
