This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Haulotte Group mejora su rentabilidad sobre mercados afianzados, mientras continúa la puesta en marcha de sus nuevos centros de producción
Haulotte Group improved its profitability on entrenched market, while underway continues implementation of its new production centres
02/10/2007
October 2, 2007
The Board of Directors of the haulotte group, meeting in L'horme on 19 September, closed consolidated financial statements for the first half of this year. Thus, in the first six months we have year, turnover is 310,2 EUR million, the result of operations has been of 58.8 million euros (46 per cent more in relation to the data of the first half of 2006)income before taxes of 57.5 million euros and the net result of € 37.3 million.
These data represent a sustained growth. The Group has an operating margin of 19 percent and a net margin of 12 percent in the first half of 2007 against the 17-11.3 per cent respectively over the same period of the previous year. These results have benefited thanks to the growth of the activity and a favourable evolution of the currencies. These elements have offset widely rising fixed costs accompanying the development and structuring of the company.
Haulotte Group continues with the expansion of its sales network, with new branches provided for in the middle and South America before end of year. A satisfactory growth have accelerated with the opening of two new factories in Spain and Romania operational since March, and in this process are expected to establishments produce about 1,000 units in 2007. The good commercial activity throughout this summer, with a growth of orders of more than 50 per cent by the end of August, confirms the forecasts in the month of July, with a turnover close to 25 percent and a net margin next to 12 per cent.
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