Lavendon cherry picking success
Powered access equipment rental firm Lavendon has reported revenues and profits significantly ahead of expectations for the first half of 2012 as it seeks to capitalise on its European and Middle East markets.
Powered access equipment rental firm Lavendon has reported revenues and profits significantly ahead of expectations for the first half of 2012 as it seeks to capitalise on its European and Middle East markets.
The group is explicit in targeting the return on capital employed metric (ROCE), which rose from 7.9% in the first half of last year to 10% by the end of June this year. "It is our continued aim to drive ROCE to a sustainable level in excess of the cost of capital over the business cycle and we believe the Group is well positioned to achieve this," said Lavendon's Chief Executive Don Kenny.
Start your trial of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
