HAULOTTE : THIRD QUARTER SALES

Financial Information

L'Horme, October 15, 2019

Revenue of €135.3 million in the third quarter of 2019, up +4% compared

to 2018*, in a market more adverse to commitment than expected.

Revenue by business line in € million (**)

2019

2918

change

Equipment Sales

422.5

364.8

16%

Equipment Rental

16.3

12.3

33%

Services

39.1

36.8

6%

Total

477.9

413.9

15%

    1. Data for 2018 have been restated excluding the rental activity in Italy, which was sold on June 2018.
  2. The changes presented in the title and below are at constant exchange rates, excluding the application of IAS29 (Argentina hyperinflation).

2019 Quarter 3 Activity

In the third quarter of 2019, Haulotte Group posted consolidated sales of €135.3 million, up +4% compared to the same period last year, in a market which has accumulated indications of slowing down since our last financial release.

At the end of September 2019, sales amounted to €477.9 million compared to €413.9 million last year, an increase of +14% between the two periods.

In a European market that is now declining compared to last year, the Group's sales are slowing but remain up +13% at the end of September, driven by the majority of countries.

In Asia-Pacific, the Group's activity remains dynamic, at +18% year-to-date, still driven by sales in China and Australia.

Latin America achieved a good third quarter, allowing the Group to post +9% growth at the end of September, with Brazil continuing the momentum seen in the first half of the year.

In North America, Haulotte continues to post +17% year-to-date sales growth, mainly due to scaffolding activity.

Equipment sales increased by +14%. The services activity grew by +5% while the rental business grew by +25%.

2019 Outlook

With an increasingly uncertain global economic context pushing major market players to adopt a 'wait-and-see' attitude, it is unlikely that Haulotte will meet its annual objectives for 2019, a growth in sales and current operating income of around +10% (excluding exchange gains and losses).

Upcoming events:

2019 Annual Sales: February 11, 2020

CONTACTS

Alexandre SAUBOT

Carine Ploton

Tél. : +33 (0)4 77 29 94 86

Tél. : +33 (0)4 77 29 94 86

relation-investisseurs@haulotte.com

relation-investisseurs@haulotte.com

Codes : ISIN : FR0000066755- BLOOMBERG : PIG FP - REUTER : PYHE . PA

Euronext Paris Compartiment B - Indices : CACS

haulotte.com

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Haulotte Group SA published this content on 15 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2019 16:21:11 UTC