Haulotte announced earnings results for the half year of 2018. For the half year, revenue was €289.9 million against €264.6 million a year ago. Current operating income excl. exchange grain & loss was €20.3 million against €22.8 million a year ago. Operating income was €26.7 million against €17.4 million a year ago. Consolidated net result was €19.1 million against €6.4 million a year ago. Current operating income (excluding exchange gains and losses) was down 11%, mainly impacted by a less favorable customer and geographical mix than the previous period, higher component prices and growth in fixed costs related to implementation of the Group's new strategic plan. The Group's operating income posted strong growth compared to 2017, driven by the sale of the rental business in Italy and a lower level of risk provisions. Consolidated net profit rose, due to growth in operating income and a more favorable foreign exchange environment (particularly for the American dollar). The Group's net debt (excluding guarantees given) increased by €5.4 million in the first half, mainly due to the increase in working capital requirements related to business growth.

The company confirms its outlook for 2018 and expects to be able to post revenue growth above 10%. The Group plans to maintain its current operating income.