Lavendon powers on with better than expected results

Lavendon, the Leicestershire firm which rents powered access equipment, has said that it expects trading to be ahead of expectation for the year ending 31 December 2016.

The firm, which has recently been the subject of takeover bids, says it expects revenues across the business to up by 8% on 2015’s figure, with the biggest region of growth the Middle East.

Don Kenny, chief executive, said: “The Group has delivered a strong performance in 2016 with growth in revenues driving increased profitability and margins. As a consequence, the Board now expects the Group’s results for 2016 to be ahead of its expectations.

“As we move into 2017, whilst recognising the uncertainty in the macroeconomic outlook, the Group is well placed to build on the momentum developed during the past few years and to make further progress in the year ahead.”