Haulotte's sales: lower but stable

Access and telehandler manufacturer Haulotte Group had reported third quarter sales of £44.1m – almost 60% below the £107m figure reported in the same period last year. However, the company said activity has stabilised at around £45m per quarter since the beginning of the fiscal year 2009.

In the year to the end of September, Haulotte’s revenue was £134.5m (£341.5m) with European sales down by almost 70% to £94m although North America has seen a 40% increase to £23m (with £15.3m from BilJax).

It said customers’ wait and see strategy regarding investment and the limitation in obtaining finance are unlikely to result in recovery by the end of 2009.