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Chief executive Geoff Drabble said: “We continue to grow responsibly, generating strong returns and maintaining leverage within our stated objectives."
He added: "Our continued success demonstrates both the strength of our strategy and the overall health of the markets we serve."
The group remains watchful of the broader economic environment, he said, but continues to see encouraging growth opportunities. It expects double-digit fleet growth in the USA in 2016/17. "As our fleet replacement expenditure naturally moderates, we enter a phase of the cycle where we anticipate both good earnings growth and significant cash generation," he said.
"With both divisions performing well, strong end markets and our strategy clearly working, we expect full year results to be in line with our expectations and the board looks forward to the medium term with confidence,” said Drabble.
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