News Story
1 minute read

Haulotte sales slump

Thursday, 22 October 2020 ( #997 ) - L'Horme, France
COVID-19 continues to impact on materials handling sales, with Haulotte Group reporting a revenue slump of 23% in the third quarter - to EUR102.4 million (USD120.5 million). At the end of September 2020, the company recorded sales worth EUR325.1 million (USD382.58 million) - down 32% from the same time last year. In Europe, where almost all markets continue to show a sharp decline, Haulotte's cumulative sales were down 34% compared to 2019. In the Asia Pacific, the market situation is similar to Europe, with the exception of China which continues to grow strongly, thereby enabling the group to post a 20% decline in sales at the end of September compared with last year. The trend observed in North America in the first half of the year remained unchanged at the end of September. In one of the regions hardest hit by the health crisis, the group's aerial work platforms business continued to resist the trend, declining by 12%. Group sales in this zone were down 25% at the end of September for all activities. In Latin America, where the economic situation remains complicated, the group's year-to-date sales dropped 51% compared with the previous year. At the end of September 2020, equipment sales were down 33%, services business fell 17% and rental activity was significantly down - by 43%, impacted by the health situation in Latin America. Looking ahead, directors point to market uncertainty, where the lack of visibility remains a reality. They anticipate a sales drop of 25% to 30% in 2020 and a positive current operating income (excluding exchange fluctuations) at year-end.

FOR SALE ON MACHINERY-ONQ

Kalmar DRD450-60S5
Belgium
Netherlands
United States California

Inside Forkliftaction

Lately, we have commented on two noticeable phenomena - the rise of warehouse automation and the number of new forklift models being pumped into the market.
This week's newsletter reflects both of these themes which seem to have characterised our reporting for the year.
So, while other sectors appear to be
...Continue Reading

Movers & Shakers

senior director of corporate development
Seegrid, United States
head of design
Seegrid, United States
director of advanced development
Seegrid, United States
head of finance
IPAF, United Kingdom

Inside Forkliftaction

Lately, we have commented on two noticeable phenomena - the rise of warehouse automation and the number of new forklift models being pumped into the market.
This week's newsletter reflects both of these themes which seem to have characterised our reporting for the year.
So, while other sectors appear to be
...Continue Reading

FOR SALE ON MACHINERY-ONQ

Meyer 5-0103K-EU
Belgium
China
Denmark
Australia Western Australia

Movers & Shakers

senior director of corporate development
Seegrid, United States
head of design
Seegrid, United States
director of advanced development
Seegrid, United States
head of finance
IPAF, United Kingdom

FOR SALE ON MACHINERY-ONQ

Hyster H22.00XM12EC
Australia Victoria
China
China
Netherlands

Inside Forkliftaction

Lately, we have commented on two noticeable phenomena - the rise of warehouse automation and the number of new forklift models being pumped into the market.
This week's newsletter reflects both of these themes which seem to have characterised our reporting for the year.
So, while other sectors appear to be
...Continue Reading

Movers & Shakers

senior director of corporate development
Seegrid, United States
head of design
Seegrid, United States
director of advanced development
Seegrid, United States
head of finance
IPAF, United Kingdom