Haulotte's 2006 Financial Report Shows Growth
March 27, 2007 • The Haulotte Group, L'Horme, France, continued its strong upward growth trend both in terms of revenue and profitability in 2006. The fiscal year closed with a 45 percent increase in current EBIT, and net income (group share) up by 32 percent. Haulotte says this encouraging performance stems from a combination of rising supply volumes and cost control.
Tight control over working capital requirements and sales financing operations allowed Haulotte to reinforce its financial structure in 2006, and continue supporting the development of its markets in terms of internal and external growth.
Additionally, a dividend payment of $0.23 (€0.17) per share will be proposed at the shareholders' meeting on May 31, due to a reported rise of 30 percent during 2006.
Outlook for 2007
To address growing challenges in 2007, Haulotte plans to offer a wider range of products, particularly its high-lift platforms and telescopic handlers, to continue developing its sales network outside Europe, and to boost its production capacity with new manufacturing plants in Spain and Romania.
