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Haulotte income rises

Wednesday, 13 Mar 2019 ( #914 ) - L'Horme, France
News Story
The HAULOTTE order book is at its highest level since 2007
French aerial work manufacturer Haulotte has reported revenue rising 14% for the last full year in a "dynamic" market.

The company reported increase sales volumes, but notes that these "did not offset the unfavourable effects of customer and geographic mix, higher component prices and higher fixed costs resulting from the implementation of the new strategic plan".

Net income fell 15%, but consolidated net income rose 35% to EUR23.9 million (USD27 million). Consolidated earnings benefited from the sale of the Italian rental business.

Looking ahead, Haulotte says the current level of the order book is at its highest level since 2007. The group is therefore predicting continued strong commercial activity which should enable Haulotte to post sales and current operating income growth (excluding foreign exchange gains and losses) of around 10% in 2019.
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