28.03.2007

Haulotte firms forecasts

Haulotte the French based aerial lift manufacturer has published its final results for 2006 which confirm its preliminary revenues at €519 million an increase of 34 percent on 2005.

It has also announced net earnings of over €60 million, up 32 percent on last year, resulting in a small drop when measured in terms of earnings as a percentage of revenue to 11.6 percent compared to 11.8 percent in 2005.

The company says that its order book for the first two months of 2007 is up 50 percent on 2006 and is therefore firming its outlook for the year to the top end of its forecast of 15 to 20 percent growth. With net earnings expected to be in the 12 percent plus range. See Haulotte reports strong 4th quarter

Vertikal Comment

Haulotte continues to make the most of the strong aerial lift market and looks set to have another first class year in 2007. In terms of outlook for the year, Alexander Saubot, the CEO has tended to ere on the conservative side when it comes to any financial predictions.

The company’s latest forecasts indicate a result for 2007 of €625 million in revenues with net earnings of €75 million.

This in spite of an order book likely to be up 50 percent in the first quarter and with two new production facilities coming on stream and a new telescopic handler line.

Given all this we would expect revenues to be in the €650 to €675 million range with net earnings of between €75 and €80 million.

Watch this space.