Haulotte Announces Fourth Quarter Revenue Increased by 15% | Daily Construction News

Last week, Haulotte Group reported its revenue was up 16% between 2011 and 2012, and its fourth quarter revenue increased by 15%.

Haulotte Group generated quarter four 2012 consolidated sales of € 94.5 million compared with €82.2 million in the same period last year, an increase of 15%. The business remained relatively strong at the end of the year, despite uncertainties in the macroeconomic environment.

2012 consolidated revenue is € 355.7 million compared to € 306.9 million in 2011, an increase of 16%, mainly driven by equipment sales (19%).

During 2012, sales grew in all geographic areas, but especially in Latin America (+ 77%). The United States (+27 %) and Asia Pacific (+21 %) maintain steady growth while Europe (+5 %) remains weak, as
observed in the 3rd quarter.

Rental activities and services continue their growth, with sales +8% from rental and +5% for services at the end of 2012; in line with the trend seen at the end of September 2012.

The activity level over the second half of 2012 allows the Haulotte Group to confirm its return to operating break even over the whole year.

Despite the European economic environment remaining difficult, the need for fleet renewal in Europe and the positive orientation of the emerging markets in which we operate support the business outlook for this year and should allow Haulotte Group to show growth of around 10% of sales in 2013.