Materials handling supplier Barloworld Handling jumps ‘back to black’ Wednesday 30 November 2011 PDF Print Materials handling supplier, Barloworld Handling, has reported greatly improved financial performance for the year ended September 2011, with divisional revenue rising to R4709million (£362million). Barloworld Handling’s operations in UK, Europe and Southern Africa all recorded double digit improvements in revenue and a return to operating profits. Barloworld Handling is the world’s largest independent distributor of forklift trucks and related equipment. In the UK, the company focussed on the provision of intelligent service to existing customers, leading to improved retention whilst also gaining significant new accounts. Phil Bastow, managing director for the UK says “During the year the business performed particularly well in the ports, terminals and logistics sector, with some notable contract awards. We have a highly competitive offering in this area, matching class leading equipment to bespoke intelligent service, which truly helps customers to reduce cost and improve efficiency”. Utilisation across Barloworld’s national short term hire fleet also grew as industry demand returned. The company has increased the size of its fleet and continued its investment in new Hyster trucks so that the fleet age profile and condition remains one of the best in the industry. Energy efficient product introductions across the Hyster forklift and container handling range also helped to support opportunities as businesses look to achieve better environmental performance and reduce energy costs. Barloworld Handling’s parent company, Barloworld Ltd, also reported impressive year end results with annual revenue up 22% to R49,823M (£3.8billion). Barloworld Ltd is a large multinational corporation with representation in 41 countries and provides world class solutions in the industrial equipment, automotive and logistics sectors across the globe. For more information, visit www.barloworld.co.uk. ENDS 270 WORDS NOTES TO EDITORS Barloworld is the largest independent distributor of lift trucks in the world with operations covering the UK, Holland, Belgium, South Africa and the US (South East). As the UK’s exclusive distributor of Hyster equipment since 1956, Barloworld maintains nearly 25,000 lift trucks in all types of UK industry. Barloworld provides a complete range of counterbalance and warehousing equipment with superior support, advice and value added services through its network of 1,000 support staff including 500 engineers nationwide. Visit www.barloworld.co.uk Press Enquiries MOLOKINI MARKETING LTD Contact : Nik Webb or Jude Mitcham|Tel: +44 (0) 1903 207408 Podium House, 61 Chapel Road, Worthing, West Sussex, BN11 1HR, UK email@example.com|www.molokini.co.uk This press release was distributed by ResponseSource Press Release Wire on behalf of Molokini Marketing in the following categories: Business & Finance, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.