Haulotte half-year sales up 10 percent

Haulotte Group’s half year financial results show revenues up 10 percent despite net income slipping 35 percent compared to last year.

The company’s total revenues were €264.6 million, an increase over the same period last year. This figure includes an 11 percent increase in equipment sales to €225.5 million, and a 17 percent surge in rental to €14.9 million. The company also saw services improve by a slight 2 percent to €24.2 million.

Growth was seen in Europe, which was up 19 percent, and the Asia-Pacific region, which was up 7 percent. North America declined by 13 percent, which was attributed to a decline in scaffold business in the U.S. and Mexico’s slowdown.

Operating profit without the exchange factors saw 53 percent growth at €17.4 million.

Haulotte also reduced its net debt by €14.8 million and has increased its full year revenue growth forecasts from 5 percent to close to 10 percent.