Haulotte announces 2021 Q3 sales
Third quarter sales of € 112.1 million, Up 9 percent compared to 2020.
In a global market that is recovering strongly in all zones, but remains constrained by component supply difficulties, Haulotte recorded consolidated sales of € 112.1 million in the third quarter of 2021, up 9 percent compared to the same period last year.
At the end of September 2021, sales amounted to € 355.3 million compared to € 325.1 million last year, an increase of 11 percent between the two periods.
In Europe, the Group recorded sales growth of 7 percent for the first nine months of the year.
In Asia-Pacific, Haulotte achieved, in the third quarter, its best performance of the year, but still posted cumulative sales decrease of 12 percent.
In North America, the trend observed in the first half of the year continued into Q3, enabling Haulotte to record a 38 percent increase in sales for all its activities. Growth in this region continues to be driven by the aerial work platform sales, up 46 percent.
In Latin America, the improvement in the situation is confirmed, enabling Haulotte to post a 57 percent increase in its cumulative sales, in line with that posted for the first half of 2021.
At the end of September 2021, equipment sales increased by 8 percent, rental activity by 41 percent and finally service activities by 24 percent.
|
Revenue by business line - excl. IAS 29 - in € millions |
YTD Sep 2021 |
YTD Sep 2020 |
Var percent |
|
Equipment sales |
302,8 |
283,2 |
+7 percent |
|
Rental sales |
12,3 |
9,3 |
+32 percent |
|
Services |
40,2 |
32,6 |
+23 percent |
|
Total |
355,3 |
325,1 |
+9 percent |
The changes presented below are at constant exchange rates, excluding the application of IAS29 (Argentine hyperinflation)
2021 Outlook
The continuation of the excellent sales momentum has enabled Haulotte to consolidate its historic order book level for the group. However, given the confirmation of supply difficulties and strong price increase in components, the group confirms its forecast of sales growth by more than 15 percent compared to 2020 and its objective of a current operating margin (excluding foreign exchange gains and losses) between 3 percent and 4 percent of revenue.
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