All Financial results Articles

GAM in Spain reported a significant slowdown in its growth during the three months to 30 September, with revenues up 5.5% to €95 million. Although with 21 consecutive quarters of growth, the result represents a slowdown on the 19% growth in the first half of the year (after taking account of acquisitions).

US internet equipment auction company IronPlanet is opening an office in Dublin, Ireland, to serve Europe, the Middle East and Africa. The initiative coincides with its first European auction on 28 January, 2009.

Tanfield Group has rejected speculation that it may close or sell its Snorkel subsidiary and said it was well-positioned to weather the downturn in aerial platform markets worldwide. Tanfield also revealed plans for a Chinese manufacturing joint venture that will be producing small machines by the end of 2009.

US manufacturer MEC Aerial Work Platforms is grasping the challenges set by an economic downturn with both hands. With its sales revenues up 5% in the first three quarters than last year, the company is developing new products and pursuing an aggressive marketing campaign.

Cramo continued to grow its rental businesses in all areas during the third quarter of the year, with sales increasing 20.7% to €155.7 million (including acquisitions). The company said it saw a deteriorating business environment in the quarter but claimed its performance was proof of its strong market position in the Nordic area and in the developing areas of Eastern and Central Europe.

For the first three quarters of 2008 Palfinger recorded double-digit revenue growth but rates were lower than previous periods

Ramirent reported weakening market conditions in most of its 13 operating countries for the quarter to 30 September, with the worst affected areas being Denmark, Norway, the Baltic States and Hungary. The rental company has initiated a cost cutting programme but is not yet planning any depot closures.

Manitou announced sales growth of 6.6% for the nine months to 30 September (up 8.4% at constant exchange rates) on turnover just over €1 billion, and even managed a 3% increase in the most recent quarter. However, it forecast a 20% fall in sales during the final quarter of the year.

Lafarge sales for the third quarter rose +8,6% to € 5,3 billion, up from the € 4,8 billion reported for the same period in 2007. Along with improved sales, pre-tax profits also increased by +0,7% from € 913 million in 2007 to € 920 million for the third quarter of 2008.

Hertz Equipment Rental Corporation's (HERC) worldwide equipment rental revenues in the third quarter fell 6.8% to US$433.1 million (€338 million). Adjusted pre-tax profits for the quarter fell 25.7% to $81.1 million (€63.3 million).

Hertz Equipment Rental Corporations (HERC) worldwide equipment rental revenues in the third quarter declined 6.8%, compared to last years period, to $433.1 million (338 million). Adjusted pre-tax income for the quarter fell 25.7% from the same period last year to $81.1 million (63.3 million).

Norway’s Veidekke Group reported third quarter pre-tax profits of NOK 263 million (€ 30 million), down -19% on the NOK 327 million (€ 37 million) reported for the same quarter last year. Revenues for Veidekka were up + 4% for the third quarter from NOK 4,8 billion (€ 555 million) in 2007 to NOK 5 billion (€ 575 million) this year.

Hertz Equipment Rental Corporations (HERC) worldwide equipment rental revenues in the third quarter declined 6.8%, compared to last years period, to $433.1 million (338 million). Adjusted pre-tax income for the quarter fell 25.7% from the same period last year to $81.1 million (63.3 million).

Lemminkäinen, the Finnish construction Group, recorded third quarter sales of € 648 million, down -1% on 2007 third quarter revenues of € 655 million. Profits for the quarter of € 53 million were also down by -8% on the € 58 million reported to September last year.

Hertz Equipment Rental Corporation's (HERC) worldwide equipment rental revenues in the third quarter declined 6.8%, compared to last years period, to $433.1 million (338 million). Adjusted pre-tax income for the quarter fell 25.7% from the same period last year to $81.1 million (63.3 million).

Heidelberg Cement recorded third quarter sales of € 3,8 billion, up +25% on the € 3 billion reported in the same period in 2007. Despite an improved turnover, pre tax profits for the third quarter fell -25% from € 690 million in 2007 to € 512 million in the third quarter of this year.

Linamar Corporation announced that sales in its Industrial Segment, which is comprised principally of Skyjack, had decreased 21.3% - that is $29.2 million for the third quarter ending 30 September 2008.

Sweden’s Skanska Group recorded third quarter profits of SEK 1,2 billion (€ 122 million), down -3% on the same period last year. Overall Group revenues also slowed marginally with sales in the third quarter of SEK 36 billion (€ 3,6 billion), down -0,9% on the same period last year.

Sales at JLG Industries fell by 11.7% to US$742.1 million and operating profits by over a half to $50.2 million for the three months to 30 September, caused by a 20% fall in sales to North America and a 5% reduction in Europe. Oshkosh forecasts JLG sales to be 35-40% down in North America and Western & Eastern Europe in fiscal 2009.

Federal Signal reported that its Fire Rescue division which comprises of Bronto Skylift has higher orders and net sales for the third quarter of 2008 than in 2007: operating income had dropped $1.7 million to $1.2 million due, in part, to expansion costs.