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.