Haulotte Group: Sales Increase by 8% between 2014 and 2015

Regulatory News:

Haulotte Group (Paris:PIG):

2015 Quarter 4 Activity:

Haulotte Group generated consolidated sales of € 134.5 million in the fourth quarter versus € 92.7 million in 2014, an increase of 45%.

Full year consolidated sales were € 445.3 million against € 412.6 million in 2014, an increase of 8% across the two periods (stable at constant exchange rates).

Excluding FX movements, the Groups cumulative sales are driven by a strong sales performance in North America (+ 32%), which has just completed its best two quarters of activity; and in Asia Pacific (+ 27%), which despite the slowdown of the Chinese economy, political tensions in the Middle East and developments in oil prices, is still dynamic in the AWP market. In Europe, the wait-and-see attitude of major rental companies remains a reality (-12%), despite a last dynamic quarter; and Latin America remains in a difficult situation (-24%).

Rental activity is stable over the year, but Service confirms its growth throughout the year (+ 5% for the full year).

Based on these levels of activity, Haulotte Group confirms its ability to achieve an operating margin rate (excluding FX gains & losses) close to that achieved in 2014.

Outlook:

Driven by buoyant commercial activity at the beginning of the year, mainly in Europe, Haulotte Group expects to show sales growth of close to 5% in 2016.

Upcoming event:

2015 FY results: 8 March 2016

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