09.02.2021

Haulotte modestly optimistic

French aerial lift and telehandler manufacturer Haulotte has posted its full year revenue numbers, which show a decent pick up in the fourth quarter which has continued into the first quarter of 2021.

Total revenues were 28 percent lower than in 2019 at €439.6 million. This was made up of new equipment sales of €381.5 million - almost 29 percent down on 2019 - while rental revenues plunged 42 percent to €12.5 million, mostly in Argentina where the Covid-19 pandemic had a major impact. Parts and service revenues were €45.6 million, 17 percent lower than in 2019.

The fourth quarter showed signs of a pick up with revenues totalling €114.5 million, 12 percent lower than for the same period of 2019.

European sales were 29 percent lower, and although Asia Pacific picked up strongly thanks to China, it ended the year 14 percent down. In the USA total sales dropped 16 percent, although sales of powered access held up better, ending the year 16 percent lower.

Haulotte will publish its profit and loss details in March and is forecasting that revenues in 2021 will increase around 10 percent on 2020.