In a “very dynamic global market”, Haulotte Group posted sales up 13% to EUR289.9 million (USD 337.5 million) in the first half of 2018.
The European market continued the trend of the previous semesters and posted a 14% increase in sales, driven by strong demand from major rental companies in most European regions.
Sales in the Asia Pacific grew 12% over the period, thanks to the dynamism of China. In Latin America, the recovery observed in 2017 was confirmed in all markets, with the exception of Argentina, allowing the group to post an increase in sales of 17%. In North America, sales continued to grow, up 10%, driven by a 23% jump in the aerial work platforms business.
Group-wide equipment sales increased by 15% over the half year, while services revenue grew by 6% and rental activity decreased by 8%.
Consolidated net income rose 198% from the first half of 2017, driven by the sale of the Italian rental business and a more favourable exchange rate environment.
In June, Haulotte Group announced the sale of 100% of the shares of Italian powered access rental company Nove to Loxam Group.
Nove was founded in 1998 and had been controlled by Haulotte since 2006.
“The divestment of Nove is in line with Haulotte strategic targets and will allow the group to focus on its core business in Europe,” Alexandre Saubot, deputy CEO of Haulotte Group, said at the time.