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■
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IRN
will be available shortly after
publication on KHL.com – go to
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■
Co-operative rental association
System Lift reported a 12% rise in
revenue to €147 million during its
2014 financial year. The company
said the year was also marked by
fleet expansion, up from9100units in
2013 to9850units in 2014. “Increased
sales were naturally achieved due
this higher number. The excellent
utilisation is due to short distances
to our customers and our service
concept. The constant training of
our workers makes for a high level
of service,” saidMr Mayrhofer, CEO of
AVSSystemLift.
■
US-based rental company United
Rentals - the largest rental company
in the world by revenues - pulled in
US$5.69billion (€5billion) in revenues
for its full year in2014, a 15% increase
over the previous year’s figures.
Rental revenues stood at US$4.82
billion (€4.24 billion), also up 15%
year-on-year. CEO Michael Kneeland
said, “Our full year increases in rates
and utilisation helped drive up rental
revenue at almost twice the pace of
industryexpansion.”
■
Power rental companyAPR Energy
said it would be reassigning assets
intended for amajor project in Libya
to new opportunities after a 450 MW
contract contract fell through. APR
moved to suspend its operations in
the country in November last year,
awaiting parliamentary approval for
the gas turbine and diesel module
power contract – one of its largest
projects. At the time of the project
suspension, APR Energy also warned
that the problem would result in a
charge of up to US$40 million (€32.8
million).
■
Expansive North American rental
company Sunbelt - the US subsidiary
of UK-based rental company
Ashtead group - has acquired the
northern Virginia, US-based rental
company Theros Equipment Rentals,
following a string of deals in recent
months. Theros has locations
in Fredericksburg, Sterling, New
Baltimore and Springfield. The
company said former owner Joel
Theros would remain with Sunbelt as
regional operationsmanager.
■
Terex reported revenues of US$7.3
billion (€6.4 billion) for 2014, compared
toUS$7.04billion (€6.2billion) for 2013,
while net income from continuing
operations stood at US$259 million
(€228 million), up from US$209 million
(€184 million) a year earlier. For 2015,
the company forecast reduced full-
year net sales of between US$6.2
billion (€5.5 billion) to US$6.6 billion
(€5.8 billion). It said it expected that
currency issues and the disposal of
50% of ASV to Manitex International
would lead to a reduction in net sales.
■
Haulotte reported a 20% year-on-
year increase in consolidated sales
for 2014 to €413 million, with strong
growth in most regions. The company
said growth was up 33% in the Asia
Pacific, up 29% in Europe, and up 28%
in North America. The exception was
Latin America, where it said growth
was down 25% for the year. It added
that it expected to report second-half
earnings before interest and taxes
close to the figure it reported in the
first half, although it did not provide
figures in its tradingupdate.
■
Pumpmanufacturer Xylem reported
revenues of US$3.92 billion (€3.46
billion) for 2014, representing a year-
on-year organic increase of 3%. Net
income stood at US$337 million (€298
million), compared to US$228 million
(€201 million) in 2013. It forecast full-
year 2015 revenues of around US$3.7
billion (€3.3 billion), a decrease of 5%
to 7%, while net income was expected
to decline between 1% and 6%. Xylem
said foreign exchange translations
wouldhit its2015 results.
■
Turnover achieved by construction
equipment manufacturers in Germany
improved by 8% to €8.4 billion in 2014,
according to German trade association
VDMA. Theorganisation said that there
had been an overall year-on-year
sales increase of 15% in construction
equipmentacrossEurope,withdemand
highest in the roadbuilding machinery
segment, with improvements being
seen in Portugal and Spain. However,
growth had slackened in France, which
is Europe’s second largest market for
compact engines. The VDMA said sales
had also declined by 37% in Russia,
amid itsongoingpolitical tensionswith
Ukraine.
■
Russia experienced a 4.5% real-
term decrease in construction output
in 2014, according to research group
PMR to RUB5.98 trillion (€77.9 billion).
In December 2014 alone, the country’s
construction output fell by 2.7% year-
on-year against 2013 figures. The drop
in construction output comes amid
a major depreciation in the value of
the Ruble. In 2014, Russia’s currency
dropped in the region of 41% against
the Dollar and 33% against the Euro
during a period of economic and
political uncertainty.
■
US construction output totalled
US$961 billion (€846 billion) in 2014,
according to the US Census Bureau.
This was a 5.6% increase on 2013, and
the highest the figure has been since
2008. Themainareaofgrowth lastyear
was theprivatenon-residentialmarket,
whichwasup5.3%year-on-year.
Publicly fundedconstructionwasupon
ayear-on-year basisby+6.7%.
News from khl.com
rental
Official magazine of the ERA
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p10
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LatinAmerica’s
rental leaders
p16
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software
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Compaction
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INSIDE: ERA/
IRN
RENTALTRACKER, THE RENTAL SHOW, EHS, INTERMAT
Volume 15 Issue 1 January-February 2015
INTERNATIONAL
A KHL Group Publication
IRNMARCH 2015
RENTAL ROUND-UP
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