For the year to 30th April 2016, A-Plant revenue was up 13% to 拢364.8m (2015: 拢323.0).
Earnings before interest, taxation, depreciation and amortisation (Ebitda) were up 25% to 拢137.0m (2015: 拢109.5m).
Operating profit was up 45% to 拢67.0m (2015: 拢46.3m).
During the year A-Plant spent 拢10.8m on making four acquisitions: Fraluk, a climate control business, for 拢1m; GB Access for an initial 拢6m; Euremica, test instruments specialist, for 拢800,000; and Rapid Climate Control for 拢3m.
Parent company Ashtead Group, which includes the much larger US rental company Sunbelt, generated revenues of 拢2,5546m , up 19% on 2015鈥檚 拢2,039m. Pre-tax profit was up 24% to 拢616.7m (2015: 拢473.8m).
Net debt during the year rose from 拢1.7bn to 拢2.0bn although the net debt to Ebitda ration reduced from 1.8x to 1.7x.
Chief executive Geoff Drabble said: 鈥淲e continue to deliver on our well-established strategy of organic growth, supplemented by bolt-on acquisitions.聽 We have broadened both our geographic footprint and the markets we serve and the benefits of this diversification are evident, both in our financial performance and our market share gains.鈥�
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