Component shortages hinder Haulotte growth

By Leila Steed26 October 2021

Haulotte Wuhan customer support centre Earlier this year Haulotte Shanghai opened a new customer support centre in Wuhan, central China.

Haulotte Group’s third quarter financial results for 2021 were up 9% compared to the same time last year, with sales during the three-month period rising to €112.1 million from €102.4 million in 2020.

The company said the market was recovering strongly everywhere but was constrained by component supply dificulties.

Sales for the year to date were €355.3 million, up 9% increase on the €325.1 million reported for the same period in 2020. 

For the first nine months of the year only Asia Pacific saw a decrease in sales, down 12% year-on-year. That contrasted sharply with increases of 57% in Latin America, 38% in North America and 7% in Europe, reflecting more difficult market conditions for these markets last year.

Equipment sales increased by 8% over the first nine months of 2021, with rental operations up by 41% and service revenues 24% higher.

Haulotte MEWPs at the China National Space Administration Haulotte MEWPs at the China National Space Administration.

Haulotte’s activities in the region over the year to date have notably included the use of a number of its MEWPs at the Wenchang Space Launch Center in Hainan province, China - which were used to help assemble and test a space station capsule - and the expansion of its Shanghai business, which opened a new customer support centre in Wuhan, central China.

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