Strong North and South American markets drive Haulotte sales

By Lindsey Anderson07 March 2012

Haulotte Group

Haulotte Group

Haulotte Group has announced a 23 percent increase in sales to €306.9 million for 2011, driven by a doubling of sales in North America and increases of 77 percent in Latin America and 48 percent in Asia.

However, the company said continued weakness in southern European markets had led it to close its Santander facility in Spain - where it makes telescopic handlers and its special backhoe loaders - and transfer production to other European sites.

Haulotte made a net loss of €9 million for the year - considerably less than the €42.2 million net loss in 2010 - but the company said it made an operating profit in the second half of the year.

Haulotte's sales in 2011 were €306.9 million ($402.6 million), compared to €250 million ($328 million) in 2010.

"The strong positive orientation of the emerging markets and the resumption of investment by major European rental companies should allow a double-digit growth in 2012 sales and generate a positive operating income," the company said.

"Nevertheless, to cope with the persistent weakness of the Southern European markets and the need to adapt its industrial resource, Haulotte Group has decided to close its Spanish production unit in Santander and transfer all the products manufactured at this plant to the other European production sites."

"The slight increase in sales prices on new machines covered the majority of the increase in raw materials," the company said.

MAGAZINE
NEWSLETTER
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
Last chance to register for the virtual ALH Conference
The ALH Conference is set to kick off (virtually) at 9 a.m. CST on Tuesday, Sept. 14. This is your last chance to register for the live event
ALH Conference shifts to virtual format
The ALH Conference, set for September 14, will be held online, ALH and KHL Group have announced. Registration is now open
ARA Show: Rental-ready
The ARA Show will return to Las Vegas this October for the first time in eight years. ALH provides a preview to the all-things-rental event.
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

CONNECT WITH THE TEAM
Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail: lindsey.anderson@khl.com
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA