Haulotte Group: Sales Increase by 12% (at Constant Exchange Rates) Between 2016 and 2017

Regulatory News:

Haulotte Group (Paris:PIG):

2017 Quarter 4 Activity:

Haulotte Group generated consolidated sales of € 139.3 million in the fourth quarter of 2017 versus € 114.4 million the previous year, a significant increase by +22% compared with the previous year and by +31% compared to the previous quarter.

Full year consolidated sales in 2017 were € 510.0 million against € 457.8 million in 2016, an increase of +12% across the year at constant exchange rates.

The commercial dynamism of the European zone was confirmed in most markets, enabling Haulotte Group to post annual sales growth of + 19% in this region.
Asia-Pacific ended the year with revenue growth of + 7.5% (at constant exchange rate), thanks to a sharp rebound in Q4 sales in the Middle East and Asia.
In North America, sales of aerial work platforms rose by + 21% over the period, confirming the strengthening of the Group's position in this market. The drop in scaffolding sales observed during the year (-25%) prevents Haulotte Group from posting revenue growth in this region.
Finally, despite a slump in the Mexican market; the sales in Latin America rose by + 6% (at constant exchange rates) a sign of improvement in other markets.

On a year-on-year basis, all of the Group's activities delivered growth at constant exchange rates, especially in Equipment sales (+13%) and Rental activity (+16%).

Outlook:

Driven by a well-oriented commercial activity on all markets and an increase in the order book, Haulotte Group expects to post sales growth close to 10% in 2018.

Upcoming event:
Annual Results: 13 March 2018

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20180213006177/en/