Haulotte Reports Record Sales
July 23, 2007 • The Haulotte Group, L'Horme, France, reported it has attained a new record with first-half 2007 sales of U.S. $428.2 million (unaudited) versus U.S. $327 million in the same period last year, an increase of 31 percent.
Breakdown by business highlighted the growing contribution of equipment sales, which increased by one point as compared to the first half of 2006 to 85 percent of total revenue. The share of rental activity declined one point to 10 percent. Services, including financing activities, remained stable at 5 percent.
Based on the sales figures, an increase in orders of more than 50 percent at the end of June, and the launch of new industrial plants, the company confirms forecasts for full-year sales growth of almost 25 percent. This figure represents the high end of the revised guidance range issued in April of this year.
For the net profits' objectives, Haulotte Group maintains guidance close to 12 percent for the full year as the continuing weakness of the U.S. dollar relative to the Euro and persistent pressures on raw material since the beginning of the year limit the positive impact of the stronger-than-expected sales growth.
The company will report its half-year earnings Sept. 20 and its third-quarter sales Oct. 18.
