10.03.2015

Haulotte triples profits

Haulotte has released more details on its 2014 results, following the revenue numbers issued in January. See Haulotte jumps 20%
While confirming its revenue numbers, the company has reported net income of €29 million, its highest profit level since 2008 and more than triple last year’s 9.01 million. This due to higher volumes and an advantageous exchange rate, particularly in the last quarter.

Net debt for the period increased by €32.5 million to €74.1 million, driven by higher working capital demands brought on by the increase in sales. The company is forecasting growth for 2015 of around five percent, a conservative number based on the current economic uncertainties.

Vertikal Comment

The information released so far is limited, with the full annual report not due until May. However this is a good result for Haulotte, with a good deal of possible upside for the year ahead.