HAULOTTE GROUP (EPA:PIG) - Haulotte: 2021 Q1 Sales

Transparency directive : regulatory news

20/04/2021 17:45

HAULOTTE: FIRST QUARTER SALES

Financial Information                               Lorette, April 20, 2021

  Revenue of EUR106 million achieved in the first quarter of 2021, down -18%
                             compared to 2020 (*)

2021 Quarter 1 Activity:

*The amounts and changes presented in the title and below are at constant
exchange rates, excluding the application of IAS29 (Argentine hyperinflation).

In a global aerial work platform market that, like many other industrial
sectors, is still being penalised by procurement difficulties of certain
components and tensions observed on supply chain inherent in the suddenness of
the recovery, Haulotte achieved sales of EUR106.0 million in the first quarter
of 2021, compared to EUR132.9 million at the end of March 2020, which was the
last quarter not affected by the health crisis.

In Europe, Haulotte's sales were down -24% in the first quarter compared to
2020 but up +10% compared to the previous quarter.

In Asia Pacific, the Group recorded a decline in sales of -14% in the quarter
compared to the same period in 2020.

In North America, Haulotte posted a limited sales decline of -2% in the first
quarter, with the aerial work platform business continuing to grow by around
+6% over the same period.

In Latin America, sales were down by -12% compared to the same period last
year, in a market still strongly impacted by the health crisis.

At the end of the 2021 first quarter, equipment sales were down -22% compared
to the first quarter of 2020, rental activity is down -12% and service activity
is up +9%.

2021 Outlook:

Buoyed by the rebound in the aerial work platform market and despite the
current tensions in the supply chain, which the Group hopes to see resolved
during the summer, Haulotte expects to grow its sales by more than +15% in 2021
and to achieve a current operating margin (excluding foreign exchange gains and
losses) of between 3% and 4% of sales.

Upcoming event:
General meeting: May 25, 2021
2021 HY Results: September 15, 2021

CONTACTS

Alexandre SAUBOT
Tél. : +33 (0)6 81 44 35 66
relation-investisseurs@haulotte.com

Carine Ploton
Tél. : +33 (0)6 81 44 35 66
relation-investisseurs@haulotte.com

haulotte.com

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

HAULOTTE GROUP's latest news

23/04/2024 17:45

HAULOTTE GROUP (EPA:PIG) - Haulotte: 2021 Q1 Sales

Transparency directive : regulatory news

HAULOTTE GROUP's latest news

Other stories