TIP Europe's profits boom
12th October 1989, Page 14
12th October 1989
Page 14
Page 14, 12th October 1989
— TIP Europe's profits boom
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• TIP Europe's pre-tax profits have risen by 40%, from £9.1 million last year to £12.7 million for the 12 months to 31 July. Annual turnover has increased by 65% from E33.2 million to £54.9 million.
The company has spent £50 million on four acquisitions during the year and increased its fleet to 18,000 units which, it claims, makes it Europe's top trailer rental company. Tony Rieger, chief executive of TIP Europe, says the company now plans to look at Portugal, Italy and the Eastern Bloc, but he does not foresee any developments in Greece and Turkey.