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.