Recently, major high-altitude machinery enterprises at home and abroad have successively released performance reports for the first quarter of 2022. With the continuous growth of the international aerial work platform industry, there is no doubt that it has driven the growth of the performance of high machinery enterprises in varying degrees. Among the first quarterly results of foreign high-tech machinery brands we collected, the performance of each enterprise is bright.
JLG: soaring sales
JLG's first quarter results for the three months ended March 31, 2022 showed that revenue increased by 19.6% to $883.1 million compared with the same period last year, but profits plunged - 91% to $7.5 million compared with the world's largest access of $80.5 million last year. Oshkosh, the parent company of JLG, said: "the decrease is mainly due to the increase of material and logistics costs and manufacturing costs, which is mainly related to the implementation of manufacturing plans, but partially offset by higher input costs due to the increase of sales volume and the response to the impact of rising prices." The company said that due to the increased demand in North America, the sales of access equipment increased by more than 22% to $439.7 million in the first quarter, and the sales of telescopic boom forklift increased by 31% to $229.7 million. The company is still struggling with a massive backlog of $4 billion, up 161% from the same period last year. The company also updated its full year forecast. JLG now expects sales of $380 million to $4.2 billion.
Genie: steady growth
Terex Genie reported its first quarter results, with significant improvements in revenue and profits. The total revenue in the three months was US $551.5 million, an increase of 15.7% over the same period last year, and the operating profit increased by more than 32% to US $32.5 million. Backlog / orders increased by 77% to $2.3 billion. Terex's revenue increased 16% to just over $1 billion, while pre tax profit increased nearly 35% to $64.2 million.
Haulotte: sustained growth
According to the results of the first quarter of 2022 released by Haulotte, the sales reached 135.8 million euros (about 900 million yuan), an increase of 25% over the same period in 2021, reflecting the continuous growth of aerial work platforms worldwide. In the first quarter of 2022, all business segments of Haulotte achieved growth in varying degrees, including sales business increased by 26%, leasing business increased by 31% and service business increased by 19%. In terms of subregions, the sales volume in the first quarter of Europe increased by 21% over the same period in 2021; Sales in the Asia Pacific region in the first quarter increased by 43% over the same period in 2021 (mainly due to business in Australia); Sales in North America in the first quarter increased by 19% over the same period in 2021; In Latin America, driven by sales in Brazil, sales in the first quarter increased by 45% over the same period in 2021. Haulotte said that despite the impact of the rebound of the epidemic, the supply chain and the complex international environment, the order volume in the first quarter of 2022 was still higher than last year. At present, the company is also evaluating and taking corresponding countermeasures against factors such as rising parts, energy and transportation costs.
Palminger: break the record
Palfinger, a maker of loaders, cranes and aerial lifts, reported record revenue and orders in the first quarter. The total revenue for the three months ended March was 485.6 million euros, an increase of 19.6% over the same period last year. The company also said that the number of orders in the quarter reached an all-time high and set a new record, but did not seem to disclose the actual number. Geographically, Europe, Africa and the Middle East account for 62% of total sales, and the other 22% are from North America. South and Central America also performed well, now accounting for 6% of total income, the same as the CIS countries, while the Asia Pacific region accounts for 4%. Pre tax profit decreased by 24% to � 29.4 million due to high material costs that cannot be passed on and higher R & D and other costs.
Manitou: order increase
Manitou, a maker of aerial lifts and telescopic boom forklifts, released sales data for the first quarter. The total revenue for the three months ended March was 450 million euros, a year-on-year decrease of 4%. All the decline was due to a 9% decline in sales of new equipment to � 355 million, while parts and services revenue increased by 15% to � 95 million. The company booked 637 million euros of new orders in the quarter, down from 815 million euros last year; Total orders reached a new record of � 3.3 million, compared with � 1.3 million at the end of March 2021. The company said that the supply chain and the continuing pandemic had an impact on the business at the beginning of the year, but now the necessary production resources have been established to achieve the expected output. Revenue in southern Europe, including France, fell 1% to 147 million euros, while shipments to northern Europe fell 15% to 163 million euros. The Americas grew by 3% to � 89 million and revenue in the Asia Pacific region increased by 20% to � 50 million.
According to the results of the first quarter, although the current international situation is complex and various superimposed factors affect the overall environment of the whole industry, the business dynamics observed in the past few months have no signs of slowing down so far. On the whole, the results of several enterprises in the first quarter reflect the continuous growth of aerial work platforms worldwide.
