Algeco 1Q18 - Good start to the year supported by positive trends
Algeco, the world’s leading provider of modular spaces, held a conference call to present good results, driven by acquisitions closed in 4Q17 (Touax’s modular businesses and Iron Horse Ranch) as well as organic sales growth. Yoy sales were up 31% to $300m (of which 12% was a positive foreign currency effect), while EBITDA at constant currency increased by 30% to $70m, representing a 2pts increase in margin to 23.2%.
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