Haulotte half-year sales down -35%

Haulotte Group reported its half-year revenues were down -35% compared to the same period last year. Equipment sales were down -36% at €195.6 million compared to 2019’s €305.8 million, while rental sales decreased from €11 million to €6.8 million. The Group’s services were down from €25.8 million to €20.3 million.

Haulotte said Covid-19 has impacted the company’s activities in all regions of the world since the beginning of 2020. Sales in Europe were down -39% while in the Asia-Pacific region, half-year sales declined by -23% despite a sharp rebound in access equipment sales in the Chinese market during the second quarter.

The North American market saw a decrease in sales by -28% while Latin America suffered a decline of -47%.

Current operating income (excluding exchange gains and losses) decreased -78% to €5.2 million.

Haulotte said, “In a very uncertain environment, where the lack of visibility remains a reality, Haulotte forecasts a decline in sales of -25% to -30% in 2020 and a current operating income (excluding exchange gain and loss) that should remain positive at year-end.”