Haulotte Group last week announced fourth-quarter 2010 consolidated sales of €72.5 million (U.S. $98.4 million) compared with €53.5 million in the same period last year, an increase of 35 percent. The increase compared to third-quarter 2010 was 15 percent.
The end of 2010 confirms the trend since the spring of 2010 with a steady increase in commercial activity. The consolidated revenue for 2010 is €250 million (U.S. $339.5 million) compared with €202 million in 2009, a 24-percent increase driven primarily by equipment sales.
In a market that is far from a break-even point, annual sales grew in all geographic areas between 2009 and 2010, particularly in Asia Pacific, which grew annual sales 41 percent, and Latin America, which grew annual sales 23 percent, helped by growth in the Brazilian market. Europe is also progressing with a 24-percent increase in the last quarter.
The strong sales in the second half of 2010 have significantly reduced inventories, the group said. The significant increase in the backlog at the end of January reflects a more sustainable level of commercial activity in recent months, and the renewed dynamism of certain markets should enable the Haulotte Group to continue its growth into 2011, at a similar pace to that achieved in 2010.
Haulotte Group is headquartered in L’Horme, France.