7
NEWS
SHARE PRICES
Start date Previousmth
Currentmth
% change
COMPANY
11/1/06
14/01/15
18/02/15
Acces Industrie (France)
€
0.47
2.10
2.96
+41%
Aggreko (UK)
£
2.75
14.86
16.79
+13%
Ashtead Group (UK/US)
UK£
1.83
10.42
11.11
+6.6%
Boom Logistics (Australia)
A$
3.70
0.13
0.13
0%
Cramo (Fin)
€
13.0
12.25
14.50
+18%
GAM SA (Spain)
€
8.00
0.23
0.34
+48%
GL events (France)
€
29.96
15.79
17.74
+12%
H&E Equipment
US$
–
20.64
23.63
+14%
Kanamoto
Yen
–
3140
3020
-3.8%
Lavendon (UK)
UK£
2.20
1.69
1.64
-3%
MobileMini (US)
US$
46.2
38.91
41.65
+7%
Ramirent (Finland)
€
23.43
6.54
7.13
+9%
SpeedyHire (UK)
UK£
8.32
0.77
0.69
-10%
United Rentals (US)
US$
24.9
85.81
95.03
+11%
IRN
INDEX
100.0 285.5
322.2
+13%
Note: The index is basedonaggregate changes inmarket values of the companies in the list.
The initial index valueof 100 is basedon values on 11 January 2006.
IRN
Rental Share Index
IRNMARCH 2015
Bolt-ondeals
forCramo
Finnish rental company Cramo
made two acquisitions in February,
expanding its presence in Sweden
and Finland.
It acquired rental company Visby
Hyresmaskiner (VHM) in Gotland,
Sweden, which produced 2013
revenues of SEK20 million (€2.1
million) and will now convert into
a Cramo franchisee, as well as
Vuokra-Pekat, a privately-owned
construction equipment rental
business that operates in southern
Finland.
Vuokra-Pekat produced revenues
of around €4.8 million in 2014 and
employs 20 people across two
depots – one inHelsinki and one in
Espoo.
The deals came after Cramo
reported a tough financial year for
2014, with a 62.3% year-on-year
drop inprofit for 2014 to€16million
on revenues of €652 million, down
0.8% compared to 2013.
The company said economic
conditions in Europe had impacted
the result during the year, but
improvements were seen in the
fourthquarter.
■
More speakers have been
confirmed for the International
Rental Conference (IRC) Asia, a
high-level forum for debate on
the fast-growing equipment rental
industry in China and wider Asia.
The third event, to be held in
Beijing on 21 September 2015 (the
day before the start of BICES), will
feature keynote speaker Chris
Davies, CEO of HSS Hire, discussing
‘Why I think rental is about
customers not products’. Other
speakers includeMr ChunyuZhang,
general manager of Shanghai
Horizon Equipment & Engineering,
and Mr Ni Xinli, chairman and
founder of Jiangsu Tongyuan
Machinery Sales & Service, a
dealer for Liugong that also rents.
OrganisedbyKHLand
IRN
, formore
details of the conference, including
a full speaker line-up, seewww.khl.
com/irc. Readers viewing the tablet
edition of the magazine can click
on the image in this story to go
straight toa videopreviewof IRC.
HIGHLIGHTS
US rental industry expected
togrow8.1% in2015
TheAmericanRentalAssociation (ARA)
said it expected the US equipment
rental industry to grow 8.1% in 2015,
reaching a value of US$38.5 billion
(€33billion).
The latest forecast represents a
trimmed outlook compared to the
association’s previous forecast of
9.2% growth this year, which itself
was revised from an initial outlook of
10.5%growth.
The ARA Rental Market Monitor
data said construction and industrial
revenues in the USwere now forecast
to increase 8.5% in 2015 to US$26
billion (€22 billion), with general tool
revenues projected to grow 8.3% to
US$9.9 billion (€8.5 billion), and party
and event revenues to show a 4.5%
increase toUS$2.7billion (€2.3billion).
In Canada, 3.7% growth in 2015 is
now expected, according to the ARA
Rental Market Monitor, reaching a
valueof US$4.1 billion (€3.5billion).
This was also a downgrade
compared to the previous forecast of
5.2%growth this year.
For 2016, Canadian rental growth
of 6.3% is now expected to be woth
nearly US$4.4 billion (€3.8 billion),
compared to the previous outlook of
6.8%growth.
Meanwhile, the ARA Rental
Penetration Index revealed that
construction and industrial rental
penetration – the proportion of the
total fleet of construction machines
that are owned by equipment rental
companies – reached 53.9% last year.
This compared to penetration of
52.9% in 2013.
Speedy reports progress
onMiddleEastwithdrawal
UK-headquartered rental company
Speedy Hire has said good progress
has been made on the accelerated
restructuring of its Middle Eastern
business andwithdrawal from general
hire in the region.
Speedy announced it was scaling
back its Middle Eastern business
in November last year, following
accounting regularities which led to a
full-year loss for 2013.
In a brief trading update, the
company reiterated that it was
winding up its general rental business
in the Middle East to stem losses and
build value in its remaining oil and
gas services division – a business in
which it said themobilisationofmajor
contractswas now all but complete.
“Despite a challenging year in
the Middle East, ongoing strong
performance of the group in the
UK gives the board confidence that
results for the full year ending 31
March, 2015, will be in line with its
expectations,” the company said.
CONFERENCE
INTERNATIONAL
21September 2015
Beijing
ASIA
Chris Davies, CEO of HSS Hire
