News service and business centre for materials handlingHOME

17835,17838,17839 18814
Haulotte confident despite falls
Thursday, 16 Mar 2017 ( #812 ) - Saint-Priest, France
News Story
Haulotte is optimistic about 2017
After some positive results by other European manufacturers, Haulotte Group has reported a 15% fall in operating income for the 2016 financial year despite increased revenue.

Revenue reached EUR457.8 million (USD486.5 million), up from EUR445.3 million (USD473.2 million) in 2015.

The company notes that the aerial work platform market continued to see volume growth in 2016, driven by Europe and, to a lesser degree, by the Asia Pacific. In this context, Haulotte Group saw 4% revenue growth (excluding foreign exchange) between 2015 and 2016, driven by the return to investment of European rental companies (+ 20% at constant exchange rates) and sustained growth from service activity (+ 11% at constant exchange rates).

In a market that remained at its highest level, Haulotte Group faced increased competitive pressure throughout Europe all year, resulting in an unfavourable product mix change, it notes. This had a direct impact on 2016 current operating income (excluding impact of exchange rates), which declined by 15% and now stands at 6.1% of sales, despite an improvement in industrial performance.

Operating income was also affected by a negative exchange result due to the evolution of the post-Brexit pound, and now stands 24% down, compared to 2015.

The annual results also show a time extension of Haulotte’s syndicated loan, providing some visibility on its financing needs until September 30, 2019.

Driven by well-oriented business activity, mainly in Europe, Haulotte Group is expected to surpass 5% revenue growth in 2017, which should enable it to return to a level of current operating profitability of 7%, despite the expected rise in raw materials prices.
Discuss News stories in the Discussion Forums!
separate border
Global News

Global News

GERMANY The Jungheinrich Group closed the 2016 financial year with significant ... [more]
As judging wraps up for the 2017 International Forklift of ... [more]
GERMANY Demag has recently picked up a couple of significant orders, ... [more]
SOUTH AFRICA Goscor Lift Truck Company (GLTC) has appointed dealers in Mauritius ... [more]
Associated, Hiab [more]
NETHERLANDS Genie’s Z-33/18 boom is proving popular among fleet owners in ... [more]
UNITED KINGDOM Manufacturer Witton Chemicals has selected Pyroban to provide explosion protection ... [more]
GERMANY LogiMAT 2017, the 15th International Trade Fair for Distribution, Materials ... [more]
Oshkosh ethics rewarded - Oshkosh, WI, United Sates
OTTO Motors elected to RBR50  - Kitchener, ON, Canada
Manitou honoured for exports - Ancenis, France [more]
UNITED KINGDOM A paper recycling company has been fined following the death ... [more]
Today’s ICE Forklift manufacturers must respond to a complex array of legislation, safety, ergonomics, efficiency and market expectations. In the May 4th Special Feature, we will examine how manufacturers are upping the ante in ICE design and engineering. Contribute your knowledge! Forkliftaction Features offer a unique opportunity for ... [more]
Your Focus

Your Focus(Blog)

The FLTA is putting its new Quality Manager out on ... [more]

Announcements (Ads)

For more than 50 years, Cascade Corporation's fork division has ... [more]
Damaging goods with a forklift trucks brings unnecessary costs. Thorough ... [more]
Midac SpA is pleased to announce our business relationship with ... [more]

ProMat – The Biggest Manufacturing and Supply Chain Expo of ... [more]
Superior Tire & Rubber Corp. has been in the material ... [more]
HAWKER’s LIFESPEED MOD3 series represents the latest innovation of high-frequency ... [more]
MEYER and BOLZONI AURAMO at LogiMAT 2017: A Centre of ... [more]

KEYTROLLER’S KEYSHOCK is a simple extremely rugged, very affordable, ... [more]

Subscribe to the weekly e-newsletter.
©2013 - All rights reserved
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

 Back to Top