Haulotte records loss on record sales

News Story
- 30 Mar 2023 ( #1121 ) - L’Horme, France
1 min read
Haulotte's sales for 2022 are up by 18%
Haulotte's sales for 2022 are up by 18%

Haulotte Group’s sales for 2022 rose by 18% to their highest-ever level - EUR609.7 million (USD660.7 million). However, operating income dropped by 0.8% to -EUR4.9 million (-USD5.3 million) due to COVID-19 and the Ukrainian crisis.

The significant increase in the price of components, transport and energy costs and fixed costs linked to the structuring of China and the United States also weighed heavily on the operating income.

The group’s net income was -EUR17.5 million (-USD18.9 million), further impacted by a significant foreign exchange loss.

In this unprecedented context of strong business growth and multiple operational disruptions, Haulotte’s net debt (excluding guarantees) increased by EUR105.1 million (USD113.90 million) to EUR246 million (USD266 million) – mainly driven by a EUR92.3 million (USD100.7 million) increase in working capital requirement, largely due to the decision taken by the group to increase inventory levels in order to support rising production rates.

In positive news, Houlotte notes that in 2022, the global aerial work platform market “confirmed the clear rebound observed in 2021 and reached its highest level ever, driven by all geographical areas”.

Looking ahead, Haulotte expects its sales to grow by more than 20% in 2023.

 

Also Read:
Korean giant posts single-digit growth
Korean giant posts single-digit growth 25 Jul 2013 - Ulsan, Korea, Republic Of - 1 min read
Record year for Rushlift
Record year for Rushlift 21 Feb 2013 - Bishop Auckland, United Kingdom - 2 min read
JCB posts record financial results 3 May 2012 - Rocester, United Kingdom - 1 min read
Previously about:
HTL 3207 : Haulotte introduces its most compact telehandler Advertisement - 6 Jun 2019 - 2 min read
Briefs News Story - 17 Dec 2015 - 2 min read
Haulotte grows in first half News Story - 12 Sep 2013 - L’Horme, France - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

Bringing together 15,000+ attendees from across the advanced battery supply chain. Join us for 3 full days of  learning, networking, & sourcing the latest solutions from 775+ top suppliers.

Get a closer look at the latest technologies & products. 
Access educational sessions provided by suppliers. 
Learn from 200+ speakers & solve industry challenges. 

DON'T MISS OUT - Register now! 

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

SNDC, manufacturer of electric air conditioning systems, will exhibit at TOC Rotterdam (13-15 June, Booth G.60) and Inter Airport Munich (10-13 October).
We are pleased to introduce our new range of electric air conditioners, especially with heat pump technology, and refrigerant service stations for reefer containers.
SNDC is well known for their innovative solutions, don’t hesitate to visit us at these trade shows dedicated to Terminal Handling.

Visit sndc.net.

PREMIUM business

VETTER Forks, Inc.
The world's most comprehensive product range as well as the most intelligent sensor fork for more safety and efficiency.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

VETTER Forks, Inc.
The world's most comprehensive product range as well as the most intelligent sensor fork for more safety and efficiency.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

SNDC, manufacturer of electric air conditioning systems, will exhibit at TOC Rotterdam (13-15 June, Booth G.60) and Inter Airport Munich (10-13 October).
We are pleased to introduce our new range of electric air conditioners, especially with heat pump technology, and refrigerant service stations for reefer containers.
SNDC is well known for their innovative solutions, don’t hesitate to visit us at these trade shows dedicated to Terminal Handling.

Visit sndc.net.