Haulotte completes 2015 with strong sales

Haulotte Group generated sales of €134.5 million in the fourth quarter of its 2015 financial year, compared to € 92.7 million in the same period of 2014, representing an increase of 45%.

Full year consolidated sales stood at €445.3 million, compared to €412.6 million in 2014, an increase of 8% across the two periods.

Excluding exchange rates, the group’s sales in the fourth quarter were driven by a strong sales performance in North America, up 32% quarter-on-quarter, which represents the second of two record quarters for the company in that region.

Sales in the Asia Pacific region were up 27% up on last year, which, despite the slowdown of the Chinese economy, political tensions in the Middle East and developments in oil prices, is still providing plenty of opportunities in the AWP market, said the company.

In Europe, the wait-and-see attitude of major rental companies, lead to a 12% decline in the region and Latin America remained challenging with a 24% sales decline, said the company.

Over the year the company’s rental segment was stable at €25.3 million, representing 10% year-on-year growth.

Driven by buoyant commercial activity at the beginning of the year, mainly in Europe, Haulotte Group said it is forecasting sales growth of close to 5% in 2016.