Finning’s Canadian rental business drops 19% in Q1

By Belinda Smart12 May 2021

Finning International says rental revenue in its home market of Canada, a critical rental market for the company, was down 19% in Q1 2021 year on year.

The Caterpillar dealer says the drop was due to work stoppages at pipeline and construction sites to mitigate the spread of Covid-19.

However, net revenue in Canada increased by 2%, driven by strong used equipment sales, particularly in mining.

Overall, the company says business strengthening, with lead times for new equipment and growing demand causing it to focus on rebuilds and re-sale of used equipment to capture market recovery.

Please login to continue reading!

Once you login you will receive unlimited access to KHL.com

  • FREE high value digital reports
  • Presentations from KHL events
  • Videos and magazine archive
  • Subscribe to magazines
  • Register for e-newsletters
  • Webinar recordings

Don’t miss out on the latest information!

Latest News
Pettibone debuts T1056X telehandler
Pettibone has launched a new 10,000-pound capacity telehandler to its X-series lineup
Schmidbauer utilises four Tadano all terrains on one job site
Klebl commissions Schmidbauer which uses Tadano all terrains on construction work for Emuge-Franken
European rental flat in 2021 says ERA
Second update to ERA’s 2020 Market Report forecastes a flat year in 2021 followed by 6% growth in 2022