HAULOTTE GROUP (EPA:PIG) - Haulotte: 2020 Annual Sales

Transparency directive : regulatory news

09/02/2021 17:45

HAULOTTE : 2020 ANNUAL SALES

Financial Information                         Lorette, February 9, 2021

Annual sales down -27% (*) compared with 2019, strongly impacted by Covid-19

Revenue by business line - excl. IAS 29 in ? million
                      YTD Dec 2020   YTD Dec 2019     change
Equipment Sales           381.5          534.2         -28%
Equipment Rental           12.5           21.6         -42%
Services                   45.6           55.0         -17%
Total                     439.6          610.8         -28%
(*) The changes (%) presented in
the title and below are at constant exchange rates and exclude the application
of IAS29 (Argentine hyperinflation).

2020 Quarter 4 activity:
Haulotte achieved revenue of EUR114.5 million in the last quarter of 2020, down
-12% year-on-year, but up +13% over the previous quarter, driven mainly by
Asia-Pacific.

2020 Annual activity:
In a global market heavily impacted by the health crisis, Haulotte posted
consolidated revenue of EUR439.6 million in 2020 compared with EUR610.8 million
in 2019, down -27% between the two periods.

On the European market, where almost all markets posted a significant decline,
Haulotte's cumulative sales was down -29%.

In Asia-Pacific, the market was more contrasted. China, which became the
world's leading market in 2020, continued to post very strong growth, while all
other markets, like Europe, experienced a sharp decline. Against this backdrop,
the Group's sales held up better in this region, declining by -14% over the
year.

In North America, which was also badly affected by the health crisis, the trend
observed in previous months was confirmed, with annual sales in the aerial work
platforms business holding up well, falling by -16%. Overall, in this region,
combining all activities, sales remained down -26%.

In Latin America, where the health and economic situation in the various
markets remained particularly challenging, Haulotte recorded a -47% drop in
sales.

In the end, equipment sales fell by -28% over the year. Rental activity,
particularly in Argentina, which was heavily impacted by the health crisis and
the country's economic situation, was down -41% compared with 2019. Lastly,
Services, which has just achieved its best quarter of the year, was down -16%.

Outlook:
Haulotte should report current operating income (excluding exchange gains and
losses) in the second half of 2020 comparable to that recorded in the first
half.

Despite a still very uncertain environment, the improvement in sales activity
noted in recent weeks and the expected return on investment from major rental
companies should enable Haulotte to post sales growth of around +10% in 2021.

Upcoming event:
2020 Annual Results: March 10, 2021

CONTACTS
Alexandre SAUBOT                       Carine Ploton
Tél. : +33 (0)4 77 29 24 24            Tél. : +33 (0)4 77 29 24 24
relation-investisseurs@haulotte.com    relation-investisseurs@haulotte.com

haulotte.com

Codes : ISIN : FR0000066755- BLOOMBERG : PIG FP - REUTER : PYHE . PA
Euronext Paris Compartiment B - Indices : CACS

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19/03/2024 17:50

HAULOTTE GROUP (EPA:PIG) - Haulotte: 2020 Annual Sales

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