Lavendon Group plc (LVD) - Performance ahead, net debt lower and the shares get a boost
The Group performed ahead of the Board’s (not markets?) expectations in the first six months, with overall revenues, on a constant currency basis and excluding ex-fleet equipment sales, growing by 6% compared with the prior year, with one percentage point of this growth being derived from new equipment sales. In the second quarter, Group revenues increased by 5% compared with 2011 on the same basis. The UK rental business, which accounts for 48% of revenue,…
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