RERMAG

Finning Predicts 10 Percent Revenue Growth Per Year, Invests in Rental

Finning, the world’s largest Caterpillar dealer, told an audience of investors it expects to increase its investments in capex and rental over the next three years to support its growth. Finning said it expects its revenue to grow 10 percent per year during the next three years, with consolidating earnings growth outpacing revenue.

“We expect strong growth in 2011 and beyond, supported by robust commodity markets,” said Mike Waites, president and CEO of Finning International. “We are investing in our people and facilities to further serve our customers and the company is well positioned to capture this growth.”

Waites said business conditions are expected to improve in all Finning operations and across all sectors and lines of business.

Based in Vancouver, B.C., Canada, Finning operates in western Canada, Chile, Argentina, Bolivia, Uruguay, Ireland and the United Kingdom. A major player in rental, Finning is No. 10 on the RER 100.

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