Haulotte bullish

The 712 Haulotte Group reports that a healthy business environment has seen it generate good sales and profit levels.

The firm generated consolidated sales of €134.5 million in the fourth quarter of 2015 compared with €92.7 million for the same period in 2014. This represented an increase of 45%.

Consolidated sales for the whole of 2015 hit €445.3 million compared with €412.6 million in 2014, an increase of 8%. The group said it benefited from favourable exchange rates in 2015 and saw its performance driven by a 32% gain in sales in North America. The company also saw sales climb 27% in Asia Pacific, despite the slowdown of the Chinese economy, political tensions in the Middle East and developments in oil prices.

But sales in Europe fell 12% while the firm’s performance in Latin America saw a fall of 24% due to tough trading conditions.