Haulotte Q3 Revenues Drop Almost 60 Percent

Published Friday, October 30, 2009

France-based aerial manufacturer Haulotte Group reported consolidated third-quarter sales of €48.7 million (about U.S. $72.3 million) compared with €118.1 million for the same period last year, a decline of 58.8 percent. However, the business has stabilized at a level of activity of about €50 million per quarter since the beginning of fiscal year 2009. Nine-month consolidated sales were €148.5 million (about U.S. $220.4 million) compared with €376.8 million for the first nine months of 2008, a 60.6-percent decrease. Equipment sales represented 70.6 percent of total revenue, compared with 86.7 percent last year. European sales declined ...

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