Regulatory News:
Haulotte Group (Paris:PIG):
Revenue by business line in million (*) | YTD Dec 2017 | YTD Dec 2016 | change | |||
Equipment Sales | 431.9 | 382.9 | 13% | |||
Equipment Rental | 28.6 | 25.9 | 10% | |||
Services | 49.5 | 49.0 | 1% | |||
Total | 510.0 | 457.8 | 11% |
2017 Quarter 4 Activity:
Haulotte Group generated consolidated sales of 139.3 million in the fourth quarter of 2017 versus 114.4 million the previous year, a significant increase by +22% compared with the previous year and by +31% compared to the previous quarter.
Full year consolidated sales in 2017 were 510.0 million against 457.8 million in 2016, an increase of +12% across the year at constant exchange rates.
The commercial dynamism of the European zone was confirmed in most markets, enabling Haulotte Group to post annual sales growth of 19% in this region.
Asia-Pacific ended the year with revenue growth of 7.5% (at constant exchange rate), thanks to a sharp rebound in Q4 sales in the Middle East and Asia.
In North America, sales of aerial work platforms rose by 21% over the period, confirming the strengthening of the Group's position in this market. The drop in scaffolding sales observed during the year (-25%) prevents Haulotte Group from posting revenue growth in this region.
Finally, despite a slump in the Mexican market; the sales in Latin America rose by 6% (at constant exchange rates) a sign of improvement in other markets.
On a year-on-year basis, all of the Group's activities delivered growth at constant exchange rates, especially in Equipment sales (+13%) and Rental activity (+16%).
Outlook:
Driven by a well-oriented commercial activity on all markets and an increase in the order book, Haulotte Group expects to post sales growth close to 10% in 2018.
Upcoming event:
Annual Results: 13 March 2018
Codes: ISIN: FR0000066755- BLOOMBERG: PIG FP REUTER: PYHE PA
Euronext Paris Compartiment B Indices CACS
www.haulotte.com
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Contacts:
Haulotte Group