In the third quarter of 2019, Haulotte Group posted consolidated sales of €135.3 million (about U.S. $149.2 million), a 4-percent increase compared to the same period in 2018, in a market which has shown indications of slowing down. At the end of September 2019, the company year to date posted €477.9 million compared to €413.9 for the first nine months of 2018, a 15.5-percent increase.
In North America Haulotte posted 17-percent year-to-date sales growth, mainly because of scaffolding activity, the company said.
In a European market that the company said is now declining compared to last year, Haulotte’s sales remain up 13 percent at the end of September, driven by the majority of countries.
In Asia-Pacific, Haulotte’s activity remains strong, at 18 percent year-to-date, still driven by sales in China and Australia.
Latin America achieved a good third quarter, with the company posting 9 percent growth at the end of September, with Brazil continuing the momentum seen in the first half of the year.
Equipment sales increased 14 percent in the third quarter, while services activity grew 5 percent and the company’s rental business grew 25 percent.
The company said with an increasingly uncertain global economic context pushing major market players to adopt a “wait-and-see attitude,” it is unlikely that Haulotte will meet its annual objectives, which is a growth in sales and current operating income of around 10 percent, not including exchange gains and losses.
Haulotte is based in L’Horme, France, with North America headquarters in Virginia Beach, Va.