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Haulotte Group — Earnings Release 2015
Feb 17, 2016
1395_iss_2016-02-17_e7f774be-de21-4045-a41e-fdc1de7ee4fa.pdf
Earnings Release
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Financial Information L'Horme, 16 February 2016
Sales increase by 8% between 2014 and 2015
| Total | 445.3 | 412.6 | + 8% |
|---|---|---|---|
| Services | 45.1 | 40.6 | + 11 % |
| Equipment Rental | 25.3 | 23.0 | + 10 % |
| Equipment Sales | 374.9 | 349.0 | + 7 % |
| Revenue by business line in € million (*) | YTD Dec 2015 | YTD Dec 2014 | change |
2015 Quarter 4 Activity:
Haulotte Group generated consolidated sales of € 134.5 million in the fourth quarter versus € 92.7 million in 2014, an increase of 45%.
Full year consolidated sales were € 445.3 million against € 412.6 million in 2014, an increase of 8% across the two periods (stable at constant exchange rates).
Excluding FX movements, the Groups cumulative sales are driven by a strong sales performance in North America (+ 32%), which has just completed its best two quarters of activity; and in Asia Pacific (+ 27%), which despite the slowdown of the Chinese economy, political tensions in the Middle East and developments in oil prices, is still dynamic in the AWP market. In Europe, the waitand-see attitude of major rental companies remains a reality (-12%), despite a last dynamic quarter; and Latin America remains in a difficult situation (-24%).
Rental activity is stable over the year, but Service confirms its growth throughout the year (+ 5% for the full year).
Based on these levels of activity, Haulotte Group confirms its ability to achieve an operating margin rate (excluding FX gains & losses) close to that achieved in 2014.
Outlook:
Driven by buoyant commercial activity at the beginning of the year, mainly in Europe, Haulotte Group expects to show sales growth of close to 5% in 2016.
Upcoming event: 2015 FY results: 8 March 2016
Contact Alexandre SAUBOT Carine Ploton Tél. : +33 (0)4 77 29 94 86 Tél. : +33 (0)4 77 29 94 86
[email protected] [email protected]
Codes : ISIN : FR0000066755- BLOOMBERG : PIG FP - REUTER : PYHE . PA Euronext Paris Compartiment B – Indices : CACS www.haulotte.com