Haulotte reports first quarter 2015 revenues up 10%

Haulotte Group reported that its first quarter 2015 consolidated revenues grew by 10% to € 98.2 million ($105.63 million) compared to € 89.3 million ($96 million) for the same period of previous year. Equipment sales were up 2% excluding currency effects and represent a stable weight 83.3% (against 83.4% in 2014). Services was up 10% excluding currency effects. Rental activity has decreased by 2% at constant exchange rates, compared to the first quarter of 2014.

Sales grew 18% in the Asia-Pacific areas 7% in North America, and 6% in Europe. Latin America decreased of 44%, excluding currency impact.

Following the report of its first quarter activity, Haulotte Group forecasts its revenue growth is close to 5% for fiscal 2015.

As of April 14, 2015, Haulotte Group S.A appointed Exane BNP Paribas for the implementation of a liquidity contract on its shares, for a period ending on Dec. 31, 2015, renewable by tacit agreement. This liquidity contract complies with the Charter of Ethics established by the AMAFI and approved by the “Autorité des Marchés Financiers”. For the implementation of this contract, the following resources have been allocated to the liquidity account: 102 171.80 Euros in cash, the equivalent of 11 524.85 Euros in money market funds, and 139,418 Haulotte Group S.A. shares.