For the three months to 31 July 2012, A-Plant鈥檚 revenue was up 8% to 拢49.7m ( 2011 Q1: 拢46.1m).
Earnings before interest, taxation, depreciation and amortisation (Ebitda) were up 14% to 拢14.4m (2011 Q1: 拢12.6m) and operating profit was up 30% to 拢3.0m (2011 Q1: 拢22.3m).
With a 20% leap in its US revenues and near doubling in operating profits there, parent company Ashtead was able to report record Q1 pre-tax profits of 拢61m, up 76% at constant exchange rates on group revenue up 21% to 拢325.0m, prompting the company to raise investors鈥� expectations.
Ashtead chief executive Geoff Drabble said: "We are delighted with this record performance as we continue to benefit from the trends established in the business over a number of quarters.
鈥淭he markets in which we operate have performed as anticipated with gently improving conditions in the US and a more challenging outlook in the UK.聽 We do not anticipate any significant changes to this environment in the short term.
鈥淎gainst this back-drop our continued market share gains are again reflected in our strong growth in fleet on rent and improving margins demonstrate our operational efficiency.聽 Given the momentum established in the business, we now anticipate a full year result materially ahead of our previous expectations."
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