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.