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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Haulotte Group Ord | EU:PIG | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.99% | 3.00 | 3.00 | 3.03 | 3.02 | 2.99 | 3.02 | 3,201 | 16:40:00 |
From Jul 2019 to Jul 2024
Current operating income (excl. exchange gains & losses) up 53%
A net result of 2.4% impacted by currency effects and provisions
Regulatory News:
Haulotte Group (Paris:PIG):
First half revenue
Revenue by business line in € millions H1 2017 H1 2016 change Equipment sales 225.5 203.4 11% Equipment rental 14.9 12.7 17% Services 24.2 23.7 2% Total 264.6 239.8 10%Haulotte Group delivered a 9% sales increase (at constant exchange rates), reporting revenue of € 264.6 million in the first half of 2017, against € 239.8 million for the same period last year.
Excluding currency effects, the good performance from the European zone was confirmed (+ 19%), with sustained growth in its main markets. The Asia-Pacific region (+ 7% excluding foreign exchange) continued to experience a contrasting situation across the area. The level of activity in Latin and North America were both down from last year (-3% and -13% at constant exchange rates); due to the significant decline in the Mexican market and a slowdown of US scaffolding sales due to a sharply drop in the market (conversely, sales of access equipment rose in the North America area).
Equipment sales increased by 9% (at constant exchange rates) over the first half, with Service and Rental activities increasing by 2% and 16% respectively (at constant exchange rates).
First half results
Income statement highlight
In € millions (IFRS) H1 2017 H1 2016 Change 17/16 Revenue 264.6 239.8 10% Current operating income Excl. exchange grain & loss 22.8 14.9 53% Operating Income 17.4 14.5 20% Consolidated Net Income 6.4 9.9 -35%Assisted by a well-oriented global market, current operating income (excluding exchange gains and losses) grew by 53% and stands at 8.6% of revenue. This was largely due to the significant increase in volumes sold, improvement in the profitability of our Service and Rental activities, and control of fixed costs, despite a significant increase in raw material prices over the period.
Net income was 2.4% of sales, negatively impacted by exchange losses and an increase in the level of specific risk provisions.
The Group's net debt continues to decrease (€ -14.8 million excluding guarantees given), thanks to good profitability and good Working Capital control.
Outlook and recent eventsHaulotte Group is expected to post growth in revenue close to 10% in 2017, allowing it to return to a level of current operating income close to 7.5%.
Upcoming eventsQuarter 3 Sales: 17 October 2017
Codes : ISIN : FR0000066755- BLOOMBERG : PIG FP - REUTER : PYHE . PA
Euronext Paris Compartiment B – Indices : SBF 250 www.haulotte.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170905006063/en/
Haulotte Group
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