Haulotte Group generated fourth-quarter sales of €82.2 million (about U.S. $107.9 million) compared with €72.5 million for the same period in 2010, a 13.4-percent jump. Overall, in the second half of the year the company posted a 17-percent increase compared with 2010. The business remained strong at the end of the year, Haulotte said, despite uncertainties in the macroeconomic environment.
Consolidated revenue for 2011 was €307 million (about U.S. $403 million) compared with €250 million in 2010, a 22.8-percent hike. All sectors posted increases, reflecting the strong momentum from the rental business, Haulotte said.
Sales grew in all geographic areas between 2010 and 2011. Latin America experienced sales growth of 77 percent, and Asia 48 percent. Europe, which accounts for two thirds of all Haulotte sales, increased 19 percent. Haulotte grew 5 percent in the United States.
Haulotte is forecasting double-digit growth in 2012 as the need for fleet renewal in Europe is strong as well as its expectation for growth in emerging markets.
In financial news, Haulotte has reached agreement with its bankers to extend the holiday period of certain covenants until June 30, and will open discussions with its banking partners to renew its credit facility that expires in July 2013.
Haulotte, a manufacturer of aerial work platforms and scaffolding equipment, is based in Paris with U.S. offices in Archbold, Ohio; Frederick, Md.; Rialto, Calif.; and Houston.