Mateco reports record results

01 May 2008

Mateco's executive director, Wolfgang Roth

Mateco's executive director, Wolfgang Roth

The company reported a 2.9% increase in turnover to €37.8 million (US$45.6 million), EBITDA (earnings before interest, tax, depreciation and amortization) of €14.1 million ($17 million) (a rise of 2.8%), and profits before tax and interest of €4.32 million ($5.2 million).

Wolfgang Roth, executive director of Mateco, said 2004 had been a record year for the company, and he was optimistic for the future; “We will continue with the current positive trend and will increase our turnover in the coming three years by at least 16%.” The Stuttgart-based company, which operates 16 depots in Germany as well as locations in Poland and Luxembourg, has increased its fleet by 300 units to over 2150 machines in the last 12 months.

Mateco is not the only German access renter making profits in the German access market-see our interview in this issue with Herbert Limmer, founder and managing director of Baulift in Ingolstadt.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
GAM first half revenues up 31%
Strong liquidity position will support company’s continued growth
Terex bounces back in first half
Second quarter 2021 sales up 50%, with strong growth in AWP and material processing segements 
Boels Rentals multiple Easy Lift investment
Easy Lift delivers first of more than 30 new spider lifts, marking its 10th year collaboration with Boels
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA