Haulotte's North American Sales Post Best Quarter Ever | Construction News

North America was the brightest spot in Haulotte's just-announced third-quarter 2015 financial results. Though worldwide sales were down 3% from 2014, North American activity was up 24%.

In Q3 2015, Haulotte Group's consolidated sales were down 8% at € 104 million ($118.7 million) versus € 113 million ($128.9 million) in the same period last year.

Cumulatively, sales amount to € 310.8 million ($354.6 million) against € 319.9 million ($365.0 million) at the end of September 2014, a decrease of 3% between the two periods (-10% at constant exchange rates).

The € 310.8 million ($354.6 million) in sales consisted of: € 258.5 million ($294.95 million) in equipment sales; € 18.9 million ($21.6 million) in equipment rental; and € 33.4 million ($38.1 million) in services.

Excluding currency effects, the cumulative revenue of the Group remains driven by the North American zone (+ 24%), which has just achieved its best ever quarter of activity, and Asia-Pacific (+ 13%) which remains dynamic.

The “wait and see” attitude of major rental companies continues in Europe (-21%), and the situation remains difficult in Latin America (-29%).

Rental activity increased slightly (+ 2%) at the end of the third quarter, and the service activity confirms the trend observed in previous periods (+ 10% at constant exchange rates).


Outlook
Strong commercial activity during the summer and the level of order book at end of September allows Haulotte Group to confirm sales growth expectations of close to 5%.