18.10.2006

Haulotte up 27% at Q3

Haulotte has reported a strong third quarter, up by 29 percent on the same quarter of 2005.

Nine months revenues rose by 27 percent to €346 million. The geographic sales breakdown remains at similar levels to last year.

With order intake still robust, the company says that it is on target to be up by 30 to 35 percent on the full year with net profits still forecast to be in the 11 percent region.


Vertikal Comment

Haulotte remains on track to exceed €520 million for the year, Given that the fourth quarter is usually its best. With order intake levels galloping ahead of last year by 50 percent. It seems that the challenge will be production capability rather than Sales.

We had predicted that Haulotte might breach €550 million this year, but it would seem that it is now finding it difficult to crank up production, a problem that it never seemed to suffer from in the past. With two new facilities coming on stream in the new year, see Haulotte to start production in January it seems that it will be none too soon.