Frenchmanufacturer Haulotte posted consolidated sales of €89.3 million (about U.S. $123.3 million) in the first quarter of 2014, compared with €79.2 million in the first quarter of 2013. According to Haulotte, the improvement is 16 percent using constant currency exchange rates and adjusting for the sale of the company’s U.K. rental business in June 2013.
Equipment sales jumped 15 percent, representing 83.4 percent of total sales. Service increased 26 percent, and the remaining rental activity jumped 6 percent.
Sales leapt significantly in North America, a 40-percent increase excluding currency impact. The Asia Pacific region jumped 30 percent, excluding currency impact and Europe 17 percent. Sales dropped 18 percent in Latin America, primarily because there were several very large orders delivered in the first quarter of 2013.
The increase in sales and order intake in the first quarter allows the Haulotte Group to confirm its forecast of revenue growth of more than 10 percent for 2014.
Haulotte is based in L’Horme, France. Its U.S. headquarters are in Archbold, Ohio.