Sunbelt Parent Ashtead Group Increases Profits by 76%

Ashtead Group, the second largest equipment rental company in both the U.K. and U.S., announced a pre-tax profits increase of 82% in actual terms, or 76% at constant rates, in its Q1 underlying results.

That resulted in a figure of £61.4 million, up from £33.8 million at the same stage last year. Revenue was up to £325 million from £268.6 million, an 18% jump at constant rates, while EBITDA rose 34% to £129.3 million from £93.9 million.

For more about Ashtead's financial performance...