Haulotte Group produced consolidated sales of €89 million (about U.S. $116.7 million) in the first quarter of 2012, compared with €72.1 million for the same period in 2011, an increase of 24 percent. Equipment sales rose 28.4 percent, representing 78.5 percent of total revenue. Service activities and rental business increased 2 percent and 14.1 percent compared to the year-ago period.
The North American market soared 40 percent for Haulotte. Sales in Europe soared 15 percent, with northern Europe faring best. Asia jumped 26 percent, strongly driven by the dynamics of the Australian market. Latin America leapt 73 percent, strongly driven by the Brazilian market.
Haulotte confirmed its forecast of double-digit growth for 2012, and expects to generate a positive operating profit. Group priorities remain focused on the profitable growth of its revenue and the reorganization of its industrial activities in Europe.
Haulotte is based in Paris, with U.S. headquarters in Archbold, Ohio.