Haulotte Grows Revenue by Almost 16 Percent in First Half of 2016

Haulotte Group posted €239.8 million (about U.S. $270 million) in revenue in the first half of 2016 compared to €207 million in the first half of 2015, a 15.8-percent hike.

Michael Roth

Sept. 6, 2016

Workers use a Haulotte boomlift for glass installation at Abu Dhabi airport.

Haulotte Group posted €239.8 million (about U.S. $270 million) in revenue in the first half of 2016 compared to €207 million in the first half of 2015, a 15.8-percent hike. Excluding currency effects, a strong performance in Europe, with a 30-percent year-over-year increase, driven by the recovery in investment expenditure of rental companies, and North America (a 9-percent jump), offset a mixed picture in Asia Pacific, which dropped by 1 percent, and Latin America, which declined 6 percent.

The group’s other activities grew during the first half of the year, with a 9-percent increase in Services and 2 percent in Rental.

Current operating income, excluding exchange gains and losses, increased 39 percent, 6.2-percent of sales, primarily because of increase in volume, notably in Europe, despite an increasingly competitive market.

Operating income and net income declined by 19 percent and 42 percent, respectively, primarily because of less favorable foreign exchange rates compared to 2015. Haulotte’s net debt continued to decrease because of good profitability and good working capital control.

Haulotte Group confirms its expectation of growth in revenue of approximately 5 percent in 2016.

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.