Haulotte Group Operating Income Nearly Doubles in 2007 First Half

Sept. 21, 2007
L’Horme, France-based Haulotte Group last week announced that its first-half 2007 net sales were €310.2 million (about U.S. $433.3 million), compared with €236.9 million (U.S. $330.9 million) a year ago, an increase of 30.9 percent.

L’Horme, France-based Haulotte Group last week announced that its first-half 2007 net sales were €310.2 million (about U.S. $433.3 million), compared with €236.9 million (U.S. $330.9 million) a year ago, an increase of 30.9 percent.

Driven by sustained growth, the company’s operating profit increased 45.9 percent from €40.3 million (U.S. $56.3 million) to €58.8 million (U.S. $82.1 million).

The company also said it is pursuing the expansion of its sales network with new subsidiaries scheduled to be opened in the Middle East and South America before the end of the year.