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).

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%.