Mills posts record third quarter revenues

By Murray Pollok09 November 2012

Brazil’s Mills Rental reported record third quarter revenues of R$67.4 million (€26.0 million), a 48% increase year-on-year, with EBITDA profits up 52% to R$38 million (€14.6 million).

Mills said utilisation rates on its fleet had maintained their levels despite the addition of significant numbers of new machines. The company has invested more than R$107 million (€41 million) in the Rental division in the first nine months of the year.

The division resumed its geographical expansion during the quarter, with a new branch opened in São Luís, Maranhão.

Overall, Mills said the level of infrastructure activity in the country had increased in recent months “which confirms the optimism in the sector”. A new R$133 billion (€50 billion) investment programme to remove infrastructure bottlenecks has just been announced.

The company is also benefiting from commercial investment; “We are currently involved in the construction of 42 malls and the construction of approximately 78 hotels is expected in 2013.”

Last month the company announced a major investment programme in aerial work platforms with JLG, Terex AWP and Skyjack.

Latest News
Allied Crane Hire adds mobile crane to fleet
The crane and heavy transport company Allied Crane Hire has taken delivery of a Liebherr LTM 1230-5.1
Himoinsa to launch battery power genset
EHR Battery Power Generator range offers up to zero emissions and lowers fuel costs through efficient energy use
Rental rate rises assist Sunbelt to pre-Covid revenue levels
Sunbelt Rentals’ first quarter revenue up 22% on 2020 and 12% on 2019, partly thanks to increasing rental rates