Aerial Manufacturer Haulotte Posts 10.3-Percent Revenue Hike in First Half

Sept. 8, 2017

2 min read

A Haulotte rough terrain boomlift The company increased AWP sales in North America in the first half of 2017 — A Haulotte rough terrain boomlift. The company increased AWP sales in North America in the first half of 2017.

French aerial work platform manufacturer Haulotte reported first half revenues of €264.6 million (about U.S. $318.5 million) compared to €239.8 million for the same period last year, a 10.3-percent increase. Equipment sales totaled €225.5 million compared to €203.4 million a year ago, a 10.9-percent hike. Equipment rental revenue was €14.9 million compared to €12.7 million, a 17.3-percent leap. Service income growth was €24.2 million compared to €23.7 million a year ago, a modest 2.1-percent boost.

Sales in Europe increased 19 percent, with sustained growth in its main markets. The Asia-Pacific region leapt 7 percent, excluding foreign exchange. The level of activity in Latin America declined 3 percent, while North America tumbled 13 percent because of a significant decline in the Mexican market and a slowdown in U.S. scaffolding sales. Conversely, sales of access equipment increased in North America.

Assisted by a well-oriented global market, current operating income, excluding exchange gains and losses, grew 53 percent, and now stands at 8.6 percent of revenue. This result was largely because of a significant increase in volumes sold, improvement in the profitability of service and rental activities, and control of fixed costs, despite an increase in raw material prices during the period.

The group’s net debt continues to decrease, the company said, thanks to good profitability and good working capital.

Haulotte Group expects to post revenue growth of close to 10 percent in 2017, allowing it to return to a level of current operating income close to 7.5 percent.

Haulotte is headquartered in L’Horme, France, with North America headquarters in Virginia Beach, Va.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.