Haulotte Revenues Climb 18.7 Percent in First Half of 2022
Mobile elevating work platform and scaffolding manufacturer Haulotte posted €247.9 million in sales in the first half of 2022, compared to €208.8 million in the first six months of 2021, an 18.7-percent increase. Haulotte’s Services division reported €30.3 million, compared to €26.4 million, a 14.8-percent jump.
Haulotte posted €10.9 million in rental, compared to €8 million a year ago, a 36.2-percent leap.
Despite the disruption caused by the war in Ukraine, global aerial platform demand remained dynamic in the vast majority of regions during the first half of 2022. Persistent supply difficulties of certain key components that many manufacturers are struggling to obtain is also a factor, Haulotte said.
Total revenue was €289.1 million in the first half compared to €243.2 last year, an 18.9-percent hike. The second quarter was particularly strong at €153.3 million, an 11-percent, year-over-year jump.
In Europe, Group sales rose 8 percent despite the invasion of Ukraine, which obviously had massive consequences for the Russian market. In Asia-Pacific, half-year sales jumped 53 percent, driven mainly by Australia, with sales in China remaining stable with the market strongly impacted by COVID-19.
In North America, sales grew 7 percent, with a dynamic scaffolding business up 35 percent. Haulotte’s MEWP market dropped 3 percent, heavily affected by component shortages, despite a strong increase in it order book. In Latin America, business jumped 25 percent, paced by Brazil.
Haulotte confirmed its sales growth forecasts of more than 20 percent in 2022, despite persistent supply difficulties for certain components. Haulotte, however, cannot confirm the company’s operating margin objectives for 2022 because of a lack of visibility and many other uncertainties.
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.