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    Haulotte Compact 10 N 73 2022 635a017ea7b94
    1. News & Analysis
    2. International News

    Haulotte Boosts Revenues 17 Percent in Q3; 20.8 Percent for First Nine Months

    Oct. 27, 2022
    Haulotte posted consolidated revenues of €140 million, a 17-percent year-over-year increase in the third quarter of 2022.
    Related To: Haulotte Group

    Haulotte posted consolidated revenues of €140 million, a 17-percent year-over-year increase in the third quarter of 2022. The global mobile elevating work platform market remained dynamic in most areas since the beginning of the year, despite a macro-economic environment that shows signs of slowing down. Still marked by persistent supply difficulties for certain components that penalized deliveries as well as an inflationary environment, reinforced by an energy crisis in Europe, Haulotte recorded a strong third quarter.

    For the first nine months of 2022, total revenue was €429.1 million, compared to €355.3 million for the first nine months of 2021, a 20.8-percent increase. Equipment sales were €366 million, compared to €302.8 million a year ago, a 20.9-percent hike. Rental sales were €16.3 million compared to €12.3 million in 2021, a 32.5-percent uptick. Service revenue was €46.8 million compared to €40.2 million last year, a 16.4-percent increase.

    In Europe, Haulotte recorded sales growth of 10 percent for the first nine months of the year, despite the invasion of Ukraine and its consequences for the group’s activity in the Russian market.

    In Asia-Pacific, Haulotte achieved its best performance of the year in the third quarter, with cumulative sales up 43 percent, mainly driven by Australia.

    In North America, Haulotte recorded a 9-percent increase in sales. Growth in this zone is still driven by the scaffolding business, up 27 percent, while activity in aerial is showing a slight increase of 2 percent, despite a historical backlog.

    In Latin America, Haulotte’s sales increased by 21 percent, driven by the activity in Brazil.

    In the third quarter, equipment sales were up 16 percent, rental activity was up 18 percent and service activities were up 12 percent.

    In this context of persistent supply difficulties for certain components, driven by a historical order book that is still increasing, Haulotte expects to post in 2022 a sales growth close to 20 percent. Given the many uncertainties that remain, reinforced by the energy crisis that is getting more significant since the summer, Haulotte Group is not able to confirm, at this stage, its current operating margin objectives for 2022.

    About the Author

    Michael Roth | Editor

    Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.