France-based aerial work platform manufacturer Haulotte posted a 3-percent revenue increase in 2013, driven by growth in the North and South American markets. Excluding the impact of exchange rates, the growth was 5.5 percent. The company’s total revenue was €342.7 million (about U.S. $477 million), compared to €331.9 million in 2012.
EBITDA from continuing operations leapt 320 percent from €6 million in 2012 to €25.2 million in 2013.
The company’s net financial debt dropped significantly in 2013 from €102.2 million at the end of 2012 to €41.6 million on Dec. 31, 2013.
Current operating income from continuing operations was 5.2 percent of revenue compared to 3.3 percent of revenue in 2012 because of the impact of additional volume on the gross margin, improved performance by the industrial division and the management of fixed costs.
Haulotte is headquartered in L’Horme, France, with U.S. headquarters in Archbold, Ohio, and Frederick, Md..