Aerial work platform manufacturer Haulotte posted consolidated sales of €115 million (about U.S. $130.8 million) in the first quarter, compared to €98.2 million for the first quarter of 2015, a 17-percent increase. Equipment sales jumped 19 percent, largely based on strong hikes in North America (35 percent) and Europe (30 percent).
Sales in the Asia-Pacific region dropped 19 percent, primarily because of the slowdown in the Middle East, Haulotte said. Latin America sales declined 6 percent primarily because of the slowdown in Brazil.
Service and rental activities increased by 5 and 7 percent respectively compared to the first quarter of 2015.
Haulotte, headquartered in L’Horme, France, with U.S. headquarters in Virginia Beach, Va., confirmed its expectation of sales growth close to 5 percent in 2016.
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.