HAULOTTE GROUP (EPA:PIG) - Haulotte: 2019 Annual Sales

Transparency directive : regulatory news

11/02/2020 17:45

HAULOTTE : 2019 ANNUAL SALES

Financial Information                             L'Horme, February 11, 2020

Sales up by +8%(*) between 2018 and 2019, with market conditions more cautious
                                than expected.

Revenue by business line - Continuing
operations excl. IAS 29 - in EUR million   YTD Dec 2019  YTD Dec 2018   change

Equipment Sales                                534.2        490.3         9%
Equipment Rental                                21.6         16.7        29%
Services                                        55.0         51.0         8%
Total                                          610.8        558.0         9%

(*) The changes (%) presented in the title and below are at constant exchange
rates and exclude the application of IAS29 (Argentine hyperinflation).

2019 Quarter 4 activity:

Haulotte achieved revenues of EUR132.9 million in the last quarter of 2019,
stable compared to the previous quarter but down -9% compared to the
(particularly strong) same period last year. The quarter's sales were mainly
sustained by North America and Asia, where the Group delivered excellent sales
performance.

2019 Annual activity:

The global aerial work platform market was stable (in volume terms) over the
year, against which Haulotte posted consolidated revenue of EUR 610.8 million
in 2019 compared to EUR 558.0 million in 2018, representing growth of +8%
between the two periods.

The European market confirmed its slowdown after peaking in the first half of
2019, by ending the year below 2018 levels. Despite this, Haulotte increased
sales by +5%, delivering growth in the majority of its markets and allowing it
to strengthen its market leading position.

In Asia-Pacific, which was the only strong growth market in 2019, the Group's
sales grew by +15%, driven mainly by activity in China and Australia.

In North America, Haulotte confirms the growth of sales posted in previous
quarters, especially via scaffolding activity, ending the year 2019 at +16%.

Except for the Brazilian market, which rebounded sharply, all other Latin
American markets show a significant decline. Despite this uncertain
environment, Haulotte delivered stable sales in the area.

Equipment sales finally increased by 8% over the year. Rental activity
continued to build on the momentum of the previous quarters and posted growth
of +23%. Finally, the Services business, which had an excellent fourth quarter,
posted growth of +7%.

Outlook:

Haulotte confirms that it will not be able to meet its current operating income
growth target of close to +10% (excluding foreign exchange gains and losses)
for the year 2019 and should end up close to its 2018 level.

Against a backdrop of declining European and North American markets, and facing
the macroeconomic uncertainties affecting the global economy, Haulotte expects
to post a decline in sales of close to -10% in 2020.

Upcoming event:
2019 Annual Results: March 3, 2020

CONTACTS
Alexandre SAUBOT                         Carine Ploton
Tél. : +33 (0)4 77 29 94 86              Tél. : +33 (0)4 77 29 94 86
relation-investisseurs@haulotte.com      relation-investisseurs@haulotte.com

      Codes : ISIN : FR0000066755 - BLOOMBERG : PIG FP - REUTER : PYHE.PA
                Euronext Paris Compartiment B - Indices : CACS

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23/04/2024 17:45

HAULOTTE GROUP (EPA:PIG) - Haulotte: 2019 Annual Sales

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