Powered access major better placed than last year after first nine months, but cautious on future outlook
Global powered access heavyweight Haulotte Group has seen a 4% year-on-year rise in sales in the third quarter of 2019, with consolidated sales of €135.3m million in a market which the manufacturer says has accumulated indications of slowing down since its last financial release.
A statement from Haulotte also said that at the end of last month, sales amounted to €477.9m in the first nine months of the year, compared to €413.9m at the same point last year, an increase of 14%.
“In a European market that is now declining compared to last year, the Group’s sales are slowing but remain up 13% at the end of September, driven by the majority of countries,” said the Haulotte statement.
In Asia-Pacific, Haulotte’s activity remains dynamic, with the group reporting an 18% rise in sales year-to-date, still driven by sales in China and Australia. Latin America achieved a good third quarter, allowing the group to post 9% growth at the end of September, with Brazil continuing the momentum seen in the first half of the year.
The statement added that in North America, Haulotte posted a sales growth of 17% year-to-date, mainly due to scaffolding activity. Equipment sales increased by 14% and services activity grew by 5%, while the rental business expanded by 25%.
Commenting on the future outlook, Haulotte added that with “an increasingly uncertain global economic context pushing major market players to adopt a ‘wait-and-see’ attitude”, it is unlikely that Haulotte will meet its annual objectives for 2019, which is a 10% growth in sales and current operating income, excluding exchange gains and losses.