All Financial results Articles

Hochtief pre-tax profit up +61%
Hochtief reported healthy first half results for 2008 (IHY08) with revenue up +14,7% on 2007 first half figures from € 7,9 billion to € 9 billion. Pre-tax profit rose +61% on like-for-like periods from € 182 million to € 292 million.
Continued tough market for Hewden
Canada's Finning International said that "increasingly challenging market conditions" in the UK rental business will continue to affect the performance of its Hewden subsidiary.
Cramo sustains high growth in 2nd quarter
Cramo's latest results show no slowing down of its growth, with its central and eastern European businesses advancing by more than 50% and overall revenue growth at 32.3% for the quarter to 30 June. The company said the next 12 months would see a moderation of growth in the Nordic area and a continued downturn in the Baltic States, with sustained growth in eastern and central Europe.
Balfour Beatty revenues and profit up in 1st half
Balfour Beatty has reported continued growth in the first half of 2008 with sales up +28% on the same period in 2007 to UK£ 4,3 billion (€ 5,5 billion). Pre-tax profit also increased +25% to UK£ 95 million (€ 120 million).
System Lift continues expansion on back of record performance
AVS System Lift AG, the German aerial platform rental co-operative, said it will expand membership and improve member services following record-high revenues in 2007. The group announced a dividend of €250 per share - equivalent to €5000 per member - at its annual meeting on 25 July in Dusseldorf.
Iceland's Mest goes bust
Iceland's Mest ehf, the importer for Bomag, Liebherr, Peri and Niftylift in the country and operator of a construction equipment rental business, has gone into bankruptcy.
Bilfinger Berger first half sales rise +13%
Germany's Bilfinger Berger reported a +13% increase in first half (1HY08) sales on the same period last year to € 4,9 billion (€ 4,3 billion).
Bouygues reports first half sales increase
France's Bouygues has recorded first half (1HY08) sales of € 15,3 billion, up +15% on the same period in 2007.
H&E anticipates non-residential decline
US equipment rental and sales company H&E Equipment Services is to reduce its fleet size and slow capital investment until the end of the year in response to an anticipated slowdown in non-residential construction in the remainder of 2008.
Double-digit revenue, earnings rises at Palfinger
Palfinger Group revenues of €423.5 million in the first half of 2008 were 24.3% above the €340.6 million of last year's first half. EBIT (earnings before interest and taxes) rose to €59.6 million, 16.9% greater than the €51.0 million of the same period last year.
RSC halves spending and reduces full-year outlook
RSC Equipment Rental in the US has reacted to economic uncertainty by halving its capital investment in new equipment in the first half of 2008 and has revised downwards its revenue growth estimates for the full year from 4-7% to 3-5%.
Access Services lead Harsco's 17% rise
An 18% rise in second quarter operating profit to US$58.1 million from the Access Services segment led Harsco Corporation's 17% rise overall to $90.4 million from $77.0 million last year. Access sales rose 19% to $429 million from $361 million in the period last year.
Eiffage results reflect positive first six months
Eiffage reported sales of € 6,5 billion for the first half of 2008, a year-on-year increase of +11,6%. Second quarter sales reflected a +12,6% increase on the same period in 2007.
Italcementi reports slowdown in sales
Italcementi recorded first half sales of € 2,8 billion, down -4,5% on the corresponding period of 2007. The downturn in sales reflected heavily in the group’s net profit, which fell to € 221 million, a -29,3% drop on the same period one year ago.
Ramirent reduces full-year profit forecast
Ramirent said further softening of markets - particularly the Baltic States - and increased operating costs would make it difficult for it to meet its 15% profit growth estimate for 2008.
JLG maintains sales but forecasts decline
Despite a 5% fall in sales in North America, JLG Industries managed to increase its sales by 5.3% to US$920.2 million and its operating profits by 27.3% to $125.2 million for the three months to 30 June.
United Rentals results down
US equipment rental company United Rentals Inc. reported a 44.8% fall in profits to $37 million in the second quarter of 2008. Profit in the first half of the year was $75 million, 24.2% less than the $99 million in the same period of 2007.
IronPlanet auction sales up 37%
Construction equipment online auction company IronPlanet in the US reported second quarter gross auction sales of US$91.3 million (€58.6 million). The figure is an increase of 37% over the same quarter last year and 17% over the first quarter this year.
Lafarge reports positive half year sales
Lafarge recorded first-half sales of € 9,07 billion, up +8% on the same period in 2007. Increased sales were matched by an improved operating income of € 1,61 billion, an +18% increase on the comparable period one year ago. The company also reported a strong improvement in its 2008 first half operating margin to +17,8% from +16,2% in the first six months of 2007.
Bronto reports strong order book
Finnish manufacturer Bronto Skylift has reported a 17.3% rise in orders compared to the same quarter last year. The company's backlog order book is now worth $181.7 million which is 58% higher than the same time last year.
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