VANCOUVER, July 7, 2017 /PRNewswire/ - Ritchie Bros.
Auctioneers Incorporated (NYSE and TSX: RBA) has published its
June 2017 auction metrics on the
company's website. This information can be accessed at the
following link:
https://investor.ritchiebros.com/historical-auction-metrics
Highlights to the Monthly Auction Results:
- Gross Auction Proceeds[1] (GAP), including Iron
Planet, totalled $556 million for the
month of June – a 3% increase from the prior year.
- Iron Planet contributed approximately $77 million to June GAP representing 14% of the
combined proceeds.
- Year on year GAP results for Ritchie
Bros without including IronPlanet results are down 11% from
June 2016.
- Both Ritchie Bros. and
IronPlanet GAP faced macro conditions resulting in a reduction in
the volume of equipment transacting in 2017 versus 2016 with
IronPlanet Q2 2017 GAP results being 18% lower than Q2 2016.
- IronPlanet's GAP numbers were impacted by difficulty in hiring
sales talent ahead of the certainty that the transaction with
Ritchie Bros. would be closed.
We expect the impact to be mitigated with the integration of the
combined sales force post closing of the transaction on
June 1st.
- Historical Auction Metrics for Consignors, Lots, Registrants
and Buyers represents statistics for Ritchie Brothers Auctions only
as the metrics are not directly applicable to the IronPlanet
business.
Monthly auction metrics should not be considered indicative of
quarterly, annual or future performance. Auction metrics and
corporate performance vary considerably month-to-month, due to the
number of auctions held each month and seasonal factors.
Ritchie Bros.' actual results could
differ materially from those implied by this monthly auction
disclosure. Investors are encouraged to review Ritchie Bros.' performance on a 12-month rolling
or annual basis before making investing decisions.
[1]
Current month results are preliminary and subject to adjustment in
the subsequent month as final results are processed.
|
NOTE: Gross Auction
Proceeds for 2014 onwards include GTV (Gross transaction value) for
EquipmentOne. From June 1, 2017 also includes
IronPlanet.
|
About Ritchie Bros.
Established in 1958, Ritchie Bros.
(NYSE and TSX: RBA) is a global asset management and disposition
company, offering customers end-to-end solutions for buying and
selling used heavy equipment, trucks and other assets. Operating in
a multitude of sectors, including construction, transportation,
agriculture, energy, oil and gas, mining, and forestry, the
company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly
auctions and providing its exclusive IronClad
Assurance® equipment condition certification; EquipmentOne, an
online auction marketplace; Mascus, a leading European online
equipment listing service; and Ritchie Bros. Private
Treaty, offering privately negotiated sales. The company also
offers sector-specific solutions including
GovPlanet, TruckPlanet, and Kruse Energy
Auctioneers, plus equipment financing and leasing through
Ritchie Bros. Financial Services. For more information about
the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.
SOURCE Ritchie Bros.
Auctioneers