01.09.2020

Special Equipment upbeat

Special Equipment, the Netherland’s based re-rent division of Mateco, has updated its revenue forecasts for 2020 given steady pick up in utilisation since June. It now expects to come in with moderate year on year growth, while it is also looking at increasing its capital expenditure on niche equipment to meet expected growth arising out of cutbacks that many regular rental companies are making.

Manager Guillaume Getas said: "Lockdowns in countries and closure of job sites got a knock down effect on machine utilisation. In addition the sudden closure of European borders made the repositioning of our equipment into geographic areas with more sustained demand, such as the Nordics, the Baltics and the Eastern region really challenging. To quantify the impact and as a comparison our rental activity in April went down overnight to the level of a tough winter month. As European rental players postpone capex in niche equipment they will tend to rely on their re-rent partners."
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A Special Equipment spider crane at work in Romania