Haulotte Enjoys 25-Percent Sales Increase in Third Quarter
French mobile elevating work platform and telehandler manufacturer Haulotte posted €128.5 million in consolidated sales in the third quarter, a 25-percent increase compared to the same period last year. For the first three quarters of 2018, Haulotte sales totaled €413.9 million compared to €363 million in sales for the same period a year ago, a 14-percent jump.
In North America, cumulative sales increased 9 percent, still driven by the fast growth of the aerial work platforms business. In Europe, Haulotte’s sales grew 21 percent, driven by strong demand from major rental companies in most markets. Asia Pacific did well in the quarter, with 13-percent growth, mainly driven by China. Recovery continued strong for Haulotte in the Latin American market, excluding Argentina. The group posted an 11 percent sales increase.
Equipment sales increased 20 percent for the company and the services business grew 5 percent. The company’s rental business dropped 12 percent.
Haulotte Group confirmed its outlook for 2018 and expects to post revenue growth of greater than 10 percent.
Haulotte last week increased its stake to 100 percent in its Turkish distributor Acarlar Makine. Haulotte is based in France, with U.S. 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.