28.04.2006

Lavendon up 16% in first quarter

Lavendon Group, Europe’s largest powered access rental company has issued its first quarter trading statement which shows revenues up by 16 percent.

UK sales increased by 22 percent compared with 2005, through a combination of three percent organic growth and the addition of six to eight weeks revenues from Panther Work Platforms and Kestrel Powered Access.

Operating margins have also increased at similar upward trend levels as seen in the second half of 2005.

In Germany revenues declined three percent, but the company says that cost savings and efficiencies have reduced operating losses.

France was up 20 percent while Spain grew by 12 percent and both saw improved operating margins.

The Middle East continued on its strong upward trend with sales up by 10 percent.