Brazil-based Mills Estruturas e Serviços de Engenharia has endured mixed emotions in the second quarter of 2017, with rental revenues of R$42.3 million (€11.53 million) – a 22.2% decrease year-on-year.

127216 mills logo

However, compared with the first quarter of 2017, the companies rental revenues increased 3.7% from R$40.8 million (€11.12 million), which signals the company’s first sight of growth in over two years.

Group revenues were R$70.6 million (€19.24 million), which represents a year-on-year decrease of 33%, but a quarter-on-quarter increase of 6.8%.

The company’s earnings before interests, taxes, depreciation and amortization (EBITDA) was -R$11.8 million (-€3.22 million) – a year-on-year decrease of 186.7%, and a quarter-on-quarter increase of 27%.

Newsletter

Delivered directly to your inbox International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters