Haulotte's 2010 revenue up 24%

Haulotte's revenue was up 24% in 2010 compared to 2009, with fourth quarter results continuing those set in the first half of the year.

The Haulotte Group produced fourth quarter 2010 sales of € 72.5 million compared with € 53.5 million in the same period last year, an increase of 35%. The increase compared to the third quarter of 2010 was 15% up. Since the spring of 2010 Haulotte has experienced a steady increase in commercial activity.

The total revenue for 2010 is €250 million compared to € 202 million in 2009, an increase of 24% between the two years and driven primarily by equipment sales.

Haulotte reported that in a market that is far from break-even point, annual sales grew in all geographic areas between 2009 and 2010, particularly in Asia Pacific (41%) where the activity was sustained in the second half and in Latin America (23%) where the Brazilian market growth continues. Europe is also progressing with a 24% increase in the last quarter.

The improved sales in the second half of 2010 are said to have significantly reduced inventories and Haulotte believes that the significant increase in the backlog at the end of January reflects a more sustainable level of commercial activity in recent months."The renewed dynamism of certain markets should enable the Haulotte Group to continue its growth into 2011, at a similar pace to that achieved in 2010," reported the company.