Italy-based construction giant Nacanco has reported growth in the first half of its 15th year in operation.
This comes on the heels of the company’s activities to expand its fleet and increase its presence in the construction industry.
Managing Director, Marzia Giusto, reported a 5% increase in sales and a corresponding increase in the company’s operating profit.
He claimed this was in part due to longer average rental contracts and utilisation which grew from 62% to 65% in two years.
Company reports also indicate that the firm’s ReRent service continually records profits. The company has also invested in expanding its fleet. It recently purchased JLG electric scissor lifts with 8m-10m working heights, an 18m JLG diesel articulated boom lifts and 20m Socage truck mounts. Nacanco now boasts more than 2500 pieces of equipment for hire. This comprises over 100 different models with a range of capabilities catering for heights between 3 and 43 metres.
The Managing Director went on to recall the giant strides made by Nacanco’s sister company. Nacanco Service grew in terms of turnover, number of certified operators and range of different training facilities it provides.
Giusto, stated that the company expects to keep the current growth rates and margins until the end of the year.
The announcement comes as Nacanco celebrates 15 years in the aerial equipment rental sector. Employees celebrated with an open day at the company’s head office in Montichiari, Brescia.
The celebrations also saw the launch of a new branch in Verona, a city in the north of Italy.
‘Increase the level of services’
Commenting on the launch of the new branch, the commercial director of Nacanco, Ramon Santamaria stated that it was part of the company’s strategy to increase the level of services offered to final users, both in terms of the variety of equipment offered and the firm’s presence in the industry.”