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.

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

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

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

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

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

PREMIUM business

BSL New Energy Technology Co., Ltd
BSLBATT - practical expertise and excellent design in the industrial lithium-ion battery market.

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

Forkliftaction's JOB MARKET

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

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!