Latin America drives Haulotte Q3 growth
By Murray Pollok17 October 2013
Haulotte's third quarter revenues rose by 16% to €81 million driven by a 37% increase in sales to Latin American customers.
Revenues for the first nine months of the year were up 6% to €257.2 million, with a 7% increase in equipment sales to €215.5 million.
Rental revenues were down 7% to €16.5 million (after adjusting for the divestment of the UK rental business earlier this year).
Haulotte said the rental results were hampered by unfavourable foreign currency movements in Argentina and weak markets in South Europe.