Aerial work platform manufacturer Haulotte posted consolidated sales of €133.3 million in the first quarter of 2017, compared to €115 million for the same period in 2016, a 15.9 percent boost. Excluding currency effects, the increase was 15 percent.
The strong commercial activity was driven by Europe, where sales leapt 33 percent excluding currency effect. Haulotte said that all its European markets posted strong growth. The Asia Pacific market increased by 2 percent, with dynamic growth in Southeast Asia and Oceania, but the market contracted in the Middle East. Haulotte said Latin America sales were stable year over year. Sales in North America, however, plunged 20 percent at constant exchange rates compared to the first quarter of 2016.
Service revenue jumped 10 percent and rental surged by 21 percent.
Based on its strong first quarter, Haulotte Group confirms its expectation to deliver sales growth of more than 5 percent in 2017.
Haulotte’s international headquarters are 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.