14.03.2018

Profit dip at Haulotte

Haulotte has unveiled its final results, for 2017, following on from its sales numbers published last month.

Total sales were 11 percent higher at €510 million, with sales of new equipment totalling €431.9 up 13 percent on the previous year, the improvements were led by Europe where sales increased 19 percent. See Haulotte up 11% for more detail Pre tax profits however were down 19 percent to €21.1 million, due to finance related costs, including the extension of its main credit line to the end of September 2019, and setting up an additional €5 million line of credit. Margins and operating profits were all substantial higher.

Net debt at the end of the year was almost 23 percent lower at €57.8 million. The company is maintaining its dividend and expects sales to be around 10 percent higher in 2018.