N.A. sales fuel Haulotte Q3 results
25 October 2023
France-based access equipment manufacturer Haulotte has reported consolidated sales of €164.6 million for its 2023 Q3, up 23% on the same period last year.
For the first nine months of the year, the company reported total new equipment sales of €497.9 million, an increase of 36% compared to the same period last year.
Regionally, North America saw the company’s largest increase in sales, with an 86% leap in the first three quarters, which was driven by a 128% increase in access equipment sales to the region.
In Europe, where the market is stabilizing, the company said, Haulotte recorded sales growth of +19% over the first nine months of the year, while in Latin America, Halotte sales were up +37%, driven by business in Brazil. Lastly, in Asia-Pacific, Haulotte posted year-on-year sales growth of +21%.
“Driven by a backlog that remains above average, Haulotte forecasts annual revenue growth from +25% to +30% in 2023 and a current operating margin (excluding foreign exchange gains and losses) from +3% to +4% of its revenue,” the company said.
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