Revenue by business line in € million (*) YTD Dec 2015 YTD Dec 2014 change
Equipment Sales 374.9 349.0 + 7 %
Equipment Rental 25.3 23.0 + 10 %
Services 45.1 40.6 + 11 %
Haulotte Group generated consolidated sales of € 134.5 million in the fourth quarter versus € 92.7 million in 2014, an increase of 45%.
Full year consolidated sales were € 445.3 million against € 412.6 million in 2014, an increase of 8% across the two periods (stable at constant exchange rates).
Excluding FX movements, the Groups cumulative sales are driven by a strong sales performance in North America (+ 32%), which has just completed its best two quarters of activity; and in Asia Pacific (+ 27%), which despite the slowdown of the Chinese economy, political tensions in the Middle East and developments in oil prices, is still dynamic in the AWP market. In Europe, the wait-and-see attitude of major rental companies remains a reality (-12%), despite a last dynamic quarter; and Latin America remains in a difficult situation (-24%).
Rental activity is stable over the year, but Service confirms its growth throughout the year (+ 5% for the full year).
Based on these levels of activity, Haulotte Group confirms its ability to achieve an operating margin rate (excluding FX gains & losses) close to that achieved in 2014.
Driven by buoyant commercial activity at the beginning of the year, mainly in Europe, Haulotte Group expects to show sales growth of close to 5% in 2016.
2015 FY results: 8 March 2016