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    1. Aerial/Lifting

    Haulotte Revenue Jumps 20 Percent in First Half of 2019

    Sept. 20, 2019
    France-based mobile elevating work platform manufacturer Haulotte posted €342.6 million in revenue in the first half of 2019, compared to €285.4 million in the first half of 2018, a 20-percent increase.
    Related To: Haulotte Group

    France-based mobile elevating work platform manufacturer Haulotte posted €342.6 million in revenue in the first half of 2019, compared to €285.4 million in the first half of 2018, a 20-percent increase. Equipment sales increased from €285.4 million in H118 compared to €252.3 million, a 21.2-percent leap.

    After several years of strong growth, global MEWP sales showed signs of slowing down in the first half of 2019, particularly in North America. However, Haulotte posted a 16-percent sales jump in North America in the first half, driven by a return to a sustainable level of activity in scaffolding. Haulotte posted sales growth of 20 percent in Europe in the first half, and sales in Asia Pacific jumped 21 percent, driven by good sales performances in China and Australia. In Latin America, Haulotte’s business declined 2 percent year over year, with only Brazil contributing growth.

    Haulotte’s rental business jumped 22 percent and its services business grew 33 percent.

    Operating income increased 4 percent in the half and net income jumped 32 percent during the period to 5.1 percent of sales.

    In July, Haulotte signed a new syndicated credit agreement with its banking partners for €130 million.

    Haulotte is headquartered in L’Horme, France, with North America headquarters in Virginia Beach, Va.

    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.