Profit fall for Haulotte

By Euan Youdale09 March 2016



Haullote saw its revenue rise by 8% in 2015 to €445.3 million, compared to 2014, although consolidated net income fell by 4% to €27.7 million, or 6% of sales, compared to 2014.

Operating income fell 9% to €34.4 million in the 2015 financial year, resulting from negative currency fluctuations at the end of the period, especially the US dollar, said the France-based manufacturer.

Nevertheless, revenue growth was driven by North America, where sales rose 32% at constant exchange rates and by 27% in Asia Pacific, also at constant exchange rates, in a favourable currency environment.

Current operating income, excluding exchange rates and losses stood at 32.4 million for the year, up 2% on 2014 and amounted to 7.3% of revenue.

“The increase is mainly due to increased gross margin on aerial work platforms sales, service and rental activities, with fixed cost growth controlled in line with business development and strategy,” said the company in its statement.

The Group said the results reflected a solid balance sheet, thanks to good working capital control, which reduced in one year from 152 days to 117 days of sales, and a €5.8 million decrease in net debt to €68.3 million.

“Like the last quarter of 2015, commercial activity continues to be strong at the start of the year, mainly in Europe, where the return on investment of major rental companies seems to be confirmed. In this context, Haulotte Group expects sales growth of close to 5% in 2016 and a further improvement in its current operating margin rate,” said the statement.

Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
ALH Conference program announced
The full ALH Conference program has been announced for the Sept. 14 rental and access event in Chicago
Registration open for ALH Conference
Registration is now open for the ALH Conference set for Sept. 14 in Chicago with presentations to be given by Larry Silber, Matthew Elvin, Rob Messina and more
Full ALH Conference speaker lineup announced
Larry Silber, Herc Rentals CEO, to give keynote at this year’s ALH Conference on September 14
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail:
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: