Growth for Haulotte in first quarter

Haulotte consolidated revenues grew by 10% in the first quarter of 2015 to €98.2 million, compared to €89.3 million for the same period in 2014. At constant exchange rates the revenue rise for the first quarter was 2.5%. Equipment sales were up 2%, excluding currency effects.

The manufacturer’s services provision revenue was up 10%, excluding currency effects, but rental activity decreased slightly by 2% at constant exchange rates, compared to the first quarter of 2014.

Sales grew significantly in the Asia Pacific areas by 18%, excluding currency impact, while sales grew in North America by 7% and Europe by 6%. Latin America, however, saw a sales decrease of 44%, again excluding currency impact.

Following the first quarter results Haulotte has forecasted revenue growth close to 5% for the 2015 financial year.

Haulotte Group also recently set up a liquidity contract with Exane BNP Paribas for the period up until 31 December 2015. Haulotte will put in €102171.80 in cash, the equivalent of €11524.85 in money market funds, as well as 139418 Haulotte shares.