News service and business centre for materials handlingHOME

Haulotte revenues steady

Wednesday, 2 Sep 2015 ( #734 ) - Lorette, France
News Story
Haulotte's range includes telehandlers
Haulotte Group is reporting consistent revenues for the first half of 2015, with sales worth EUR207 million (USD232.5 million), slightly down from EUR207.2 million (USD233 million) for the same period last year.

Excluding currency effects, strong performances from Asia (up 17%) and North America (up 8%) offset a mixed picture in Europe (down 13%) and Latin America (down 34%) over the period.

Haulotte attributes the falls to the "wait-and-see attitude of major rental companies" and unique market challenges in Latin America.

The group recorded stronger first half growth in equipment rental, which increased 15.7%, and services which were up by 11.7% (9% and 3% respectively taking exchange rate changes into consideration).

Current operating income, at 5.2% of sales (excluding gains and losses), was impacted by increasing competition intensity, with prices not yet reflecting changes in exchange rates, and higher fixed costs due to continued focus on the group's strategic axis of development, particularly innovation.

The group's net debt remained stable over the period, reflecting a level of contained working capital.

Looking forward, strong commercial activity during the northern summer and a favourable EUR/USD exchange rate allow Haulotte to confirm sales growth expectations of close to 5% and a current operating margin rate in line with that delivered in 2014.

Headquartered in France and listed on the Paris Stock Exchange, Haulotte manufactures and distributes more than 60 models in the access equipment, telehandler, earth moving, scaffolding and staging/seating markets.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.