Component shortages hinder Haulotte growth
26 October 2021
Haulotte Group’s third quarter financial results for 2021 were up 9% compared to the same time last year, with sales during the three-month period rising to €112.1 million from €102.4 million in 2020.
The company said the market was recovering strongly everywhere but was constrained by component supply dificulties.
Sales for the year to date were €355.3 million, up 9% increase on the €325.1 million reported for the same period in 2020.
For the first nine months of the year only Asia Pacific saw a decrease in sales, down 12% year-on-year. That contrasted sharply with increases of 57% in Latin America, 38% in North America and 7% in Europe, reflecting more difficult market conditions for these markets last year.
Equipment sales increased by 8% over the first nine months of 2021, with rental operations up by 41% and service revenues 24% higher.
Haulotte’s activities in the region over the year to date have notably included the use of a number of its MEWPs at the Wenchang Space Launch Center in Hainan province, China - which were used to help assemble and test a space station capsule - and the expansion of its Shanghai business, which opened a new customer support centre in Wuhan, central China.