04.03.2020

Haulotte profits dip

Haulotte has published preliminary full year 2019 profitability information, while confirming full year revenues of €610.8 million, up eight percent on 2018, driven by higher sales of new machines.

Net profit for the period however dropped 18 percent on the year to €19.5 million, due to a slowdown in second half sales, and higher average component costs along with additional costs involved with the roll out of its new ‘Let's dare together’ strategic plan.

The company is now forecasting a 10 percent fall in revenues during 2020, but expects profit levels to remain at this year’s levels.

A full annual report will be published next month with its preliminary results outlined in its fourth quarter and full year results - see: A slower quarter for Haulotte.