All Financial results Articles

Caterpillar had a net loss of US$ 122 million for the first quarter of the year, due charges of US$ 558 million relating to job cuts.

Terex had a net loss of US $ 75 million for the first quarter of 2009, compared to a net profit of US$ 163 million for the first quarter of 2008. Sales were US$ 1.30 billion, a decrease of -45% from US$ 2.36 billion in the first quarter of 2008.

Aggreko said it had made a strong start to 2009 with total revenues in the three months to 31 March 2009 growing by 42%, although this falls to 17% on a constant currency basis.

As we are all too well aware, the current economic conditions are not favourable, and this year's D&Ri100 listing reflects this fact. Lindsay Gale reports on a troubled year for the industry

Impairment losses have had a serious impact on Tanfield's end of year figures: figures which would otherwise show that the company had come through a difficult year in relatively good financial shape.

Kanamoto Co Ltd, one of Japan’s leading construction equipment rental companies, is to acquire the four rental subsidiaries of Narasaki Sangyo Co Ltd, based in Sapporo.

Bechtel had revenues of US$ 31.4 billion last year, its sixth straight year of record sales.

Manitou said it was pursuing negotiations with its bankers and also those of US subsidiary Gehl following breaches in banking covenants. The company said there was a possibility that Gehl would seek bankruptcy protection under US Chapter 11 laws.

The impact of the economic slowdown has hit Loxam's profitability in 2008 but not stopped the company from growing. Sales rose 14.9% to €847.7 with net profits falling 32% to €37.1 million. Revenues were almost flat on a like-for-like basis.

Hochtief reported record 2008 sales of € 19,1 billion, up +16% on the € 16,4 billion recorded 12 months earlier. Pre-tax profits for the year also increased +3,7% to € 520 million, up from € 501 million.

The acquisition of Hanson saw Heidelberg Cement's profits rise +16% last year.

Ramirent is taking further cost cutting measures and is proposing that no dividend be paid for 2008 following a very difficult first two months of 2009, with sales in eastern Europe collapsing by 60% and group sales down 26% compared to 2008.

Bilfinger Berger reported 2008 sales of € 10,7 billion, up +16% on the € 9,2 billion recorded 12 months ago. Pre-tax profit for the year rose +49% to € 200 million, up from € 134 million in 2007.

Ramirent is taking further cost cutting measures and is proposing that no dividend be paid for 2008 following a very difficult first two months of 2009, with sales in eastern Europe collapsing by 60% and group sales down 26% compared to 2008.

Haulotte's sales in 2008 fell by 30.4% to €450.8 million, with revenues in the second half of the year impacted by the economic slowdown and reduced availability of credit.

Manitou said its newly acquired US business, Gehl, has been unable to comply with some bank covenants and was now negotiating with banks to avoid early repayment demands. Manitou said Gehl’s problems stem from the sharp deterioration of the US market.

Aggreko continues to buck the recession with revenues for 2008 up 36.6% to £946.6 million and trading profits up 50.6% to £200.6 million. The company is also forecasting a strong 2009, with trading this year likely to be at a similar level to 2008 in constant currency.

The Italcementi Group has reported 2008 revenues of € 5,78 billion, down - 3,8 % on 2007 sales of € 6 billion. The company said the global financial crisis was the reason for the "significant" decline in the Group's sales volumes, especially in the fourth quarter, when revenues were further hindered by less favourable weather conditions than those during the same period a year earlier.

Marine salvage, transport and heavy lift specialist Smit International recorded an "exceptional" 2008 financial year, notably in its heavy lift segment. The division saw revenue increase from €88 million (US$111 million) at the end of 2007 to €156.1 million ($197 million) during 2008. Its operating result stood at €19.5 million ($24.6 million), compared to €1 million ($1.3 million) in 2007

Building materials supplier announces share issue, larger credit facility and planned divestment.