Haulotte equipment sales increased by 9%

Haulotte Group has delivered a 9% sales increase (at constant exchange rates), reporting revenue of EUR264.6 million (USD315.4 million) in the first half of 2017, up from EUR239.8 million (USD285.85 million) for the same period last year.

Excluding currency effects, the good performance from the European zone was confirmed (+19%), with sustained growth in its main markets.  

The Asia Pacific region recorded 7% growth (excluding foreign exchange), while Latin and North America were both down from last year (-3% and -13% at constant exchange rates) due to the significant decline in the Mexican market, and a slowdown of US scaffolding sales following a sharp drop in the market. Sales of access equipment rose in the North America region.

Equipment sales increased by 9% (at constant exchange rates) over this first half, with service and rental activities increasing by 2% and 16%, respectively.

Haulotte's analysis notes the contributions of "a well-oriented market" which boosted operating income (excluding exchange gains and losses) by 53%. This was largely due to the significant increase in sales volumes, improvement in the profitability of the service and rental activities, and control of fixed costs, despite a significant increase in raw material prices over the period.

Net income was 2.4% of sales, negatively impacted by exchange losses and an increase in the level of specific risk provisions.

Looking ahead, Haulotte expects to post growth in revenue close to 10% in 2017.

Haulotte Group is a manufacturer and supplier of lifting equipment, specialising in aerial work platforms.