Haulotte Grows Revenue 28.1 Percent in First Quarter
Mobile elevating work platform and scaffolding manufacturer Haulotte posted sales of €135.8 million in the first quarter of 2022, compared with €106.0 million for the same period last year, a 28.1-percent hike.
In North America, Haulotte posted growth of 19 percent in the first quarter, driven by a clear rebound in the scaffolding business, which grew by 47 percent during the period.
In Europe, sales increased by 21 percent in the first quarter compared to the same period last year. In Asia-Pacific, the Group recorded a 43 percent increase in sales for the quarter compared with the first quarter of 2021, driven in particular by its business in Australia.
In Latin America, Haulotte achieved sales growth of 45 percent compared to the same period last year, driven by its sales in Brazil.
All of Haulotte’s activities showed an increase compared with Q1 2021. Equipment sales are up by 26 percent, rental activity is up by 31 percent and service activity is up by 19 percent.
Expectations for 2022
Despite a very complicated environment linked to the persistent shortage of certain components, the Ukrainian crisis and the rebound of the Covid-19 epidemic in China, the commercial dynamic observed during the past few months shows no sign of slowing down for the moment, enabling Haulotte to post a level of order backlog that is still up compared to its last publication and to confirm an expectation of a growth in sales of more than 20 percent.
The effects of the Ukrainian conflict on the cost of components, energy and transport, and the responses to be made, are currently being assessed. Given the uncertainties linked to the impact and duration of the conflict, Haulotte is not in a position to confirm, at this stage, its current operating margin targets for 2022.
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.