HAULOTTE GROUP (EPA:PIG) - Haulotte: 2020 Third Quarter Sales

Transparency directive : regulatory news

13/10/2020 17:43

HAULOTTE : Third Quarter Sales

Financial Information

Lorette, Octobre 13, 2020

  Third quarter sales of EUR102.4 million, down -23% compared to 2019*, in a
                   market still heavily impacted by Covid-19.

Revenue by business line in EUR million (*)     2020       2019      Change

Equipment sales                                283,2      422,5        -33%
Rental sales                                     9,3       16,3        -43%
Services                                        32,6       39,1        -17%
Total                                          325,1      477,9        -32%

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

2020 Quarter 3 Activity

Haulotte Group recorded revenues of EUR102.4 million in the third quarter of
2020, down -23% compared with the same period last year, in a global market
still heavily impacted by the Covid-19 health crisis.

At the end of September 2020, sales was EUR325.1 million compared with EUR477.9
million last year, down -32% between the two periods.

In Europe, where almost all markets continue to show a sharp decline,
Haulotte's cumulative sales was down -34% compared to 2019.

In Asia-Pacific, the market situation is similar to Europe, with the exception
of China, which continues to grow strongly, thereby enabling the Group to post
a -20% decline in sales at the end of September compared with last year.

The trend observed in North America in the first half of the year remained
unchanged at the end of September. In one of the regions hardest hit by the
health crisis, the Group's aerial work platforms business continued to resist
the trend, declining by -12%. Group sales in this zone was down -25% at the end
of September for all activities.

As for Latin America, where the economic situation remains complicated, the
Group's year-to-date sales was down -51% compared with the previous year.

At the end of September 2020, equipment sales was down -33%, services business
was at -17% and rental activity was significantly down -43%, impacted by the
health situation in Latin America.

2020 Outlook

In a still uncertain environment, where the lack of visibility remains a
reality, Haulotte maintains a sales forecast of -25% to -30% in 2020 and a
positive current operating income (excluding exchange gain and loss) at
year-end.

Upcoming event
2020 Annual Sales: February 9, 2021

CONTACTS

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

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

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

haulotte.com

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23/04/2024 17:45

HAULOTTE GROUP (EPA:PIG) - Haulotte: 2020 Third Quarter Sales

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