August 12, 2020
Loxam has reported a 25% fall in revenues to €440 million for the second quarter of 2020, as a result of Covid-19.
Europe’s largest rental company said that business levels gradually returned through the quarter, with a year-on-year fall of 7% in June compared to a 39% reduction in April. First half revenues were down 17%.
The business anticipates that revenues will continue to recover in the second half of the year, and said that in the long term the construction industry will benefit from government stimulus packages.
Loxam has reduced capital expenditure and carried out cost cutting measures since mid-March, and expects a positive free cash flow in Q2 2020. It added that its cash and cash equivalents on 30 June were expected to be greater than €800 million, with its net debt to EBITDA ratio below 5.2x, compared to 4.7x as of 31 December 2019.
It said it was “evaluating all potential options to optimise its financing structure. The Group may from time to time and depending on market conditions and other factors, repurchase its Notes, and could also consider a partial or full redemption on certain tranches.”
Publication of its full second quarter results will be on 25 August.
On the vast open-pit coal mines in Inner Mongolia,NKH135 mine car with its excellent performance and efficient operation ability,Become a beautiful scenery in the mining area.。The drivers praised one after another.:“This car works
01 Volvo Group Releases Third Quarter Report for 2024 Volvo Group Officially Announces Third Quarter Results for 2024。Market demand tends to be stable,Profitability remains robust。 Third quarter of 2024,Volvo Group in many r
October 30, 2024—November 1,With“Develop towards the new and high quality”As the theme“Excavation Machinery Branch of China Construction Machinery Industry Association in 2024、Belonging branch、Annual Meeting of Industrial Intern
November fourth,Party Secretary of Shandong Heavy Industry Group、Chairman Man Shengang went to Zhuzhou for investigation,Cao Huiquan, Secretary of Zhuzhou Municipal Party Committee,Deputy Secretary of the Municipal Party Committee、Mayor Chen Huiqing,Ch
Copyright Notice 2002-2024 global-ce.com Construction Machinery Online. All rights reserved.
Address: Room 901, Building C, Ruipu Mansion, Hongjunying South Road No.15, Chaoyang District, Beijing.100107 P.R.China