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Haulotte revenue soars

Wednesday, 14 Mar 2018 ( #863 ) - L'Horme, France
News Story
Haulotte HTL5310
French equipment maker Haulotte has recorded a 56% rise in income for 2017.

The company has just reported revenues of EUR43.2 million (USD52.5 million) for the 2017 financial year.

Net sales rose 11% to EUR510 million (USD632 million).

The company notes that the aerial work platform market continued to deliver volume growth in 2017, driven by all markets. Haulotte Group attributes the rise to the sustained growth of the European market and an improvement in its equipment sales mix.

Despite the rise in raw material prices and emerging tensions over component availability, Haulotte posted a sharp income jump, reflecting strong growth in volumes, the improvement in sales mix plus the strengthening of its value proposition.

"The good operating performance was offset by the negative evolution of the Euro/Dollar exchange rate and the provisions for risks (recorded in the first half)," directors explain.

Looking ahead, Haulotte says strong commercial activity across all markets and the increase in the order book should enable the group to post close to 10% revenue growth in 2018.

"The continued strengthening of the commercial offer plus increased focus on research and development programs, along with the continued bullish environment for raw material prices, will allow Haulotte Group to deliver a stable current operating income," according to the results announcement.
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