DOCSLIB.ORG

Haulotte.Com

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Haulotte.Com haulotte.com 1 SUMMARY 04-05 14-15 28-31 06-07 16-17 32-33 08-09 18-19 34-35 10-11 12-13 20-27 2019 Annual report 3 SUMMARY 7 PRODUCT RANGES OF 3 TELEHANDLER PEOPLE LIFTING EQUIPMENT PRODUCT RANGES Haulotte is a global leader of people and material lifting equipment. The group designs, manufactures and markets a wide range of products focused on mobile elevating work platforms and telehandlers. CUSTOMIZED FINANCING INTEGRATED SERVICES SOLUTIONS to facilitate to optimize equipment lifecycles investments in these products and residual values for resale 1986 2005 2014 2018 H46N - First aerial The group name and logo Launch of the RTJ Launch of the PULSEO work platforms change. “Pinguely- Haulotte” and RJT PRO ranges, GENERATION range with the designed and marketed become “Haulotte Group” with the 16m first electric rough-terrain under the brand name articulating boom articulating boom: HA20LE PRO “Haulotte” 1985 1998 2007 2015 Pierre Saubot takes IPO on the stock Haulotte expands its Haulotte celebrates control of Pinguely- exchange product offer, with a range its 30 years old Haulotte owned by the of telehandler called HTL Group Creusot-Loire 2019 Annual report 5 SUMMARY HAULOTTE IN SUMMARY PEOPLE LIFTING EQUIPMENT PRODUCT RANGES TELEHANLDER3 7 RANGES NEW HEAD OFFICE IN 2020 610.8M€ 2019 REVENUE A GLOBAL OFFER 21 2000 6 PRODUCTION SUBSIDIARIES EMPLOYEES UNITS 2019 Annual report 7 OUR SUMMARY AMBITION TO BECOME THE MOST VALUABLE AND SAFEST WORKING AT HEIGHT SOLUTION MAKER IN CREATING THE SERENEST CUSTOMER EXPERIENCE. OUR STRATEGY We are developing a “GloCal” strategy that will make it possible to deploy the Group’s global strategy locally, by including the necessary adaptations. We rely on defined and shared human, professional and managerial values to guide our actions and give meaning to our performance. In this context, our objective is to offer our customers solutions that are ever more secure, ever more respectful of the environment, and ever more adapted to our partners’ needs. We have defined three major strategic axes to transform this objective into a concrete action plan: BECOME A BLUE COMPANY BECOME A FULL SOLUTIONS PROVIDER BECOME THE BEST-IN-CLASS Service Level Agreement provider OUR CROSS-COMAPNY GUIDELINE TO ACHIEVE THIS AMBITION: A DIGITAL TRANSFORMATION, A KEY FACTOR IN OUR FUTURE SUCCESS. 2019 Annual report 9 SUMMARY OUR VALUES EXCELLENCE PERFORMANCE We are convinced that each employee plays a key role in the Group’s success, and a sustainable “Change” program has been implemented ENGAGEMENT to put employees at the heart of performance. This results in projects RESPONSABILITY related to the working environment, the sharing and appropriation of values, the support of managers but also the harmonization of good RESPECT Human Resources practices deployed from 2017. TRUST 2019 Annual report 11 SUMMARY PHILIPPE NOBLET CARLOS HERNANDEZ PATRICK MURRIS Corporate Secretary M.D. Zone Americas M.D. Zone Europe & Africa SEBASTIEN MARTINEAU C.F.O. (Finance) DAMIEN GAUTIER STÉPHANE HUBERT PATRICE MÉTAIRIE M.D. Zone Asia-Pacific C.S.O. (Sales, Marketing & Services) C.O.O. (Industry) ALEXANDRE SAUBOT C.E.O. GOVERNANCE OF HAULOTTE GROUP ADMINISTRATORS: STATUTORY AUDITORS: PricewaterhouseCoppers Audit Represented by Elisabeth L’HERMITE PIERRE SAUBOT 20 Rue de Garibaldi - 69451 Lyon cedex 06 Chairman BM & A Represented by Alexis THURA 11 Rue de Laborde - 75008 Paris ALEXANDRE SAUBOT ELISA SAUBOT JOSÉ MONFRONT HADRIEN SAUBOT MICHEL BOUTON ELODIE GALKO ANNE DANIS FATÔME 2019 Annual report 13 SUMMARY KEY FIGURES SALES EVOLUTION IN € MILLION SALES BREAKDOWN PER ACTIVITY continuing activities excluding IAS29 and excluding 2014 412.6 REVENUE IFRS16 2015 445.3 55.0 3.5% 21.6 51.0 3% 16.7 2016 457.8 % % 8 +29% 9.1 2017 499.4* 610.8 +8% M€ 2018 558.0* +9% 2019 610.8* 2019 2018 * Continuing activities (restated for the rental business in Italy, sold on June 2018) and excluding IAS 29 OPERATING INCOME 87.5% 87.9% excluding exchange gain loss +9% and GROSS CASH FLOW FROM OPERATIONS IN € MILLION 534.2 490.3 continuing activities excluding IAS29 and excluding IFRS16 Equipment sales Service Rental 60 50 45.1 42.1 42.4 37.4 37.1 37.2 40 32.4 31.7 36.5 36.1 30 28.4 27.7 Gross cash flow SALES BREAKDOWN from operations 20 PER GEOGRAPHICAL AREA IN € MILLION 10 Operating 0 income continuing activities excluding IAS29 and ecluding IFRS16 - 10 - 20 57.7% 2014 2015 2016 2017 2018 2019 352.3 M€ 19.0% 115.8 M€ 2018 INCOME STATEMENT HIGHLIGHTS 15.7% IN € MILLION 2019 96.0 M€ continuing activities excluding IAS29 and excluding IFRS16 7.6% 46.7 M€ GLOBAL IN € MILLION 2019 2018 60% 334.7 M€ REVENUE 610.8 558.0 CURRENT OPERATING INCOME excl. 18.0% 100.4 M€ 36.1 37.1 EXCHANGE GAINS & LOSSES 14.1% 2018 78.6 M€ OPÉRATING INCOME 29.0 30.1 ACTIVITIES INCOME BEFORE TAX 25.1 22.0 7.9% 44.3 M€ CONTINUING CONTINUING CONSOLIDATED NET INCOME 17.2 15.0 Europe Asia-Pacific North America Latin America 2019 Annual report 15 SUMMARY OUR BUSINESSES DESIGN AND ASSEMBLY DISTRIBUTION RENTAL BUSINESS Our key success factors: A sales & services network An additional business activity based in 21 subsidiaries and which contributes to INNOVATION offices in strategic markets, established our brand in R&D supported by a dealer network selected geographical MARKETING giving coverage in more than markets, and to better Dedicated teams on the design phase anticipate 150 countries. understand end-users needs. the needs and requirements to design products, accessories and services to meet demand. 2019 Annual report 17 SUMMARY OUR MARKETS RENTAL COMPANIES They are partners of our development thanks to their product expertise, the in-depth knowledge of their clients’ needs and their network of branches. SPECIAL EQUIPMENT &MILITARY SOLUTIONS Haulotte offers tailor-made solutions designed to meet the specific requirements of civil and military applications. INDUSTRIAL END-USERS Customers operating in a wide range of industry sectors (logistics, manufacturing, airport operations, maintenance, retail). Haulotte provides customized solutions based on product lines that address the specific needs of each activity. 2019 Annual report 19 SUMMARY A GLOBAL OFFER PEOPLE LIFTING EQUIPMENT MATERIAL LIFTING EQUIPMENT PUSH- VERTICAL SCISSOR HEAVY LOAD COMPACT HIGH LIFT AROUND MASTS LIFTS CAPACITY from 7 to 14 m from 6 to 10 m rough-terrain lifting capacity lifting capacity from lifting capacity or electric from 3.2 t to 4 t 3.6 t to 4 t 5.2 t from 6 to 18 m up to 10 m up to 17 m up to 10 m ARTICULATING TELESCOPIC LIGHTWEIGHT BOOMS BOOMS BOOMS rough-terrain from 14 to 43 m Trailers from 10 to 19 m or electric Lightweight from 13 to 16 m from 12 to 41 m 2019 Annual report 21 SUMMARY We design financing solutions that match our customers’ needs, and offer flexible and tailor-made solutions when necessary. Thanks to our many years of experience in the Construction and Industry sector, we can implement new solutions to structure financing offers. 2019 Annual report 23 SUMMARY 1 3 TECHNICAL SUPPORT SERVICE CONTRACTS Designed to responsively provide the most efficient Total Cost of Ownership (TCO) is monitored all support, the Haulotte technical network operates along the operating lifetime of the machines on the phone, on site or within our technical thanks to the expertise of our technical support centers. Our on-line solutions also enable you to team. Our portfolio of contracts enables a perfect minimize your downtime! match with customers expectations: PREVENTIVE MAINTENANCE WARRANTY EXTENSION PERIODIC LEGAL INSPECTIONS 2 4 TRAINING GENUINE SPARE PARTS Haulotte training courses can easily be customized The Haulotte supply chain organization is to the practical needs and language of our clients. fully dedicated to meet your demands of It is also possible to monitor the skills and plan their quality spare parts and to optimize the spare advanced training on-line. parts’ supply chain process, from the quotation to the deliveries. Online orders are processed 24h! 2019 Annual report 25 SUMMARY REFURBISHMENT SECOND HAND EQUIPMENT OFFER MACHINES A SECOND LIFE THE RIGHT PRE-OWNED EQUIPMENT AT THE RIGHT PRICE Financially attractive, our reconditioning solutions meet the needs Pre-owned equipment is the perfect way to establish or grow a fleet at lower cost and increase machines’ lifespan significantly. For minimal investment, for a better return on investment. Customer would find machines among a wide range equipment can be reconditioned to operate at its full potential. of pre-owned equipment. From scissor lifts, boom lifts, telehandlers, vertical masts and many more, a quick and easy way to meet customers’ needs and budget! REFRESH, FACELIFT OF YOUR MACHINE! EXPERTISE REFURB, REBUILD THE FUNCTIONS! GOOD VALUE FOR THE MONEY UPGRADE, BOOST THE PERFORMANCE! ASSISTANCE 2019 Annual report 27 SUMMARY 2019 HIGHLIGHTS May 2019 Haulotte Australia is 20 years old March 2019 Opening of a new subsidiary in Osaka: Haulotte Japan May 2019 Haulotte lays the foundation stone of its new premises for Haulotte Australia April 2019 Haulotte lays the foundation stone of June 2019 its future head office Inauguration of a new building in Wolverhampton, for Haulotte UK subsidiary 2019 Annual report 29 SUMMARY 2019 HIGHLIGHTS October 2019 Haulotte and Linde achieved a cooperation to jointly open up MEWP China July 2019 Haulotte Changzhou factory celebrates 10 years October 2019 Haulotte introduces its blog « Haulotte Community » providing all aerial lift market players with valuable content to better understand the access equipment marketplace
Load more

Recommended publications
  • A Comprehensive Guide for Buyers and Users of Access Equipment
    a comprehensive guide for buyers and users of access equipment published by price: US$80.00, €60.00, £50.00 AYB17 Cover.indd 1 30/10/2017 11:30:53 SJ85AJ LAUNCH READY! CLASS LEADING 85’ (25.91 m) PLATFORM HEIGHT DUAL CAPACITY RATING OF 750/500LBS (227/340 kg) 34’ (10.36 m) UP AND OVER CLEARANCE Launching the newest addition to its growing boom lineup, the SJ85AJ Articulating Boom fills out Skyjack’s offering in the core 40’, 60’ and 80’ boom classes. Like all Skyjack booms, the new SJ85AJ is engineered with simple reliability in mind. FOR MORE INFORMATION VISIT WWW.SKYJACK.COM IRN MAR 2017 indd 1 2017-01-30 10:08 AM Untitled-1 1 30/10/2017 10:37:21 CONTENTS Welcome to the Access Yearbook: the only listing of aerial platforms and other access equipment produced worldwide. This invaluable tool for industry professionals, contains information from over 150 equipment manufacturers. UK HEAD OFFICE KHL SALES WORLDWIDE: KHL Group NORTH AMERICA/UK/IRELAND Southfi elds, Southview Road, Tony Radke Sales Manager CONTENTS Wadhurst, East Sussex TN5 6TP, UK. Tel: +1 480 4786302 Tel: +44 (0)1892 784088 e-mail: [email protected] e-mail: [email protected] SPAIN Mike Posener ABOUT ACCESS INTERNATIONAL 5 USA OFFICE Tel: +353 86 043 1219 KHL Group Americas LLC e-mail: [email protected] 3726 E. Ember Glow Way, MARKET REVIEW 7 Phoenix, AZ 85050, USA. GERMANY/AUSTRIA/SWITZERLAND/ Tel: +1 480 659 0578 CENTRAL EUROPE e-mail: [email protected] Simon Battersby EQUIPMENT LISTINGS 11 Tel: +44 (0)1892 786232 SOUTH AMERICA OFFICE e-mail: [email protected] KHL Group Américas LLC Self propelled telescopic booms 12 Av.
    [Show full text]
  • Management Report 2018
    MANAGEMENT REPORT 2018 haulotte.com SUMMARY MANAGEMENT REPORT ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED 31 DECEMBER 2018 GENERAL COMMENTS Définitions In this annual financial report, except where otherwise indicated: - The terms the ”Company” or ”HAULOTTE GROUP” refer to HAULOTTE GROUP a French public limited company (Société Anonyme) with capital of €4,078,265.62 whose registered office is located at La Péronnière 42152 l’Horme, France, registered in Saint-Etienne (France) (RCS No. 332 822 485. - The term ”Groupe” refers to the Company and all companies consolidated by the latter. Forward-looking statements This annual financial report also includes forward-looking information about the Group’s objectives and development priorities. These forward-looking statements are sometimes identified by the use of the future or conditional tense or forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or variations thereof or other comparable terminology. It should be noted that the realisation of these objectives and development forecasts do not represent historical data and as such should not be interpreted as providing assurance that the facts and data presented will occur, that the assumptions will be confirmed and the objectives reached. These represent objectives that by nature might not be achieved and the information presented in this annual financial report may prove to be erroneous without the Group being subject, in any manner whatsoever, to an obligation to update these statements, subject to the applicable regulation at notably, the AMF (Autorité des Marchés Financiers) General Regulation. 2 SUMMARY MANAGEMENT REPORT ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED 31 DECEMBER 2018 RESPONSIBILITY FOR THE FRENCH VERSION OF ANNUAL FINANCIAL REPORT Person making the responsibility statement In accordance with article L.451-1-2 of the French monetary and financial code, we inform you that the person responsible for the annual financial report is Mr.
    [Show full text]
  • Management Report Annual Financial Report Fiscal Year Ended 31 December 2019
    SUMMARY MANAGEMENT REPORT ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED 31 DECEMBER 2019 GENERAL COMMENTS Definitions In this annual financial report, except where otherwise indicated: - The terms the ”Company” or ”HAULOTTE GROUP” refer to HAULOTTE GROUP a French public limited company (Société Anonyme) with capital of €4,078,265.62 whose registered office is located at La Péronnière 42152 l’Horme, France, registered in Saint-Etienne (France) (RCS No. 332 822 485. - The term “Groupe” refers to the Company and all companies consolidated by the latter. Forward-looking statements This annual financial report also includes forward-looking information about the Group’s objectives and development priorities. These forward-looking statements are sometimes identified by the use of the future or conditional tense or forward- looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or variations thereof or other comparable terminology. It should be noted that the realization of these objectives and development forecasts do not represent historical data and as such should not be interpreted as providing assurance that the facts and data presented will occur, that the assumptions will be confirmed and the objectives reached. These represent objectives that by nature might not be achieved and the information presented in this annual financial report may prove to be erroneous without the Group being subject, in any manner whatsoever, to an obligation to update these statements, subject to the applicable regulation at notably, the AMF (Autorité des Marchés Financiers) General Regulation. COVID-19 health crisis – Situation as of 30/04/20 The COVID-19 health crisis has affected the Group’s activities in several regions of the world, first in China and then in the Europe region.
    [Show full text]
  • Ha20px - Ha61jrt Ha260px Ha80jrt
    Operator's manual Operator's manual HA20PX - HA61JRT HA260PX HA80JRT HA20PX - HA61JRT HA260PX - HA80JRT E 05.16 USA 4000351200 E 05.16 USA / GB HA20PX - HA61JRT - HA260PX - HA80JRT 2 4000351200 E 05.16 USA / GB Operator's manual CONTENTS A FOREWORD 1 - User responsibility . 8 1.1 - Owner's responsibility. 8 1.2 - Employer's responsibility. 8 1.3 - Trainer's responsibility . 8 1.4 - Operator's responsibility. 9 2 - Safety . 10 2.1 - Safety instructions. 10 2.1.1 - Misuse Hazards . 10 2.1.2 - Falling Hazards. 11 2.1.3 - Overturning / Tip-over Hazards . 12 2.1.4 - Electrocution Hazards. 15 2.1.5 - Explosion / Fire Hazards. 16 2.1.6 - Crushing / Collision Hazards . 16 2.1.7 - Uncontrolled movement Hazards . 17 3 - Safety inquiries . 18 4 - Incident notification . 18 5 - Compliance . 19 5.1 - Product information. 19 5.1.1 - Change of Ownership Notification . 19 5.1.2 - Owner information update form . 20 5.2 - Product specifications. 21 B FAMILIARIZATION 1 - General safety . 23 1.1 - Intended use . 23 1.2 - Decal content. 24 1.3 - Symbols and colors . 25 1.4 - Level of severity. 25 1.5 - Symbols legend and definitions. 26 2 - Models description . 27 3 - Primary machine components. 28 3.1 - Layout . 28 3.2 - Ground control box. 30 3.2.1 - Layout. 30 3.3 - Platform control box . 32 3.3.1 - Layout. 32 CONTENTS 4 - Performance Specifications. 35 4.1 - Technical characteristics . 35 4.2 - Working area / Range of motion . 37 5 - Decals and markings locations HA20PX - HA61JRT - HA260PX - HA80JRT. 40 3 Operator's manual C PRE-OPERATION INSPECTION 1 - Recommendations .
    [Show full text]
  • Ha12ip - Ha33je Ha15ip Ha43je
    Operator's manual Operator's manual HA12IP - HA33JE HA15IP HA43JE HA12IP - HA33JE - HA15IP - HA43JE 4000358100 X USA 4000358100 E10.16 USA / GB HA12IP - HA33JE - HA15IP - HA43JE 2 4000358100 E10.16 USA / GB Operator's manual CONTENTS 1 - Operator's manual . 7 2 - After Sales Service . 7 3 - Compliance . 8 4 - HAULOTTE Services® contact details . 9 A SAFETY PRECAUTIONS 1 - Recommendations . 11 1.1 - Operator's manual . 11 1.2 - Symbols used . 11 1.3 - Decal colors . 12 2 - Pre-operation instructions. 13 2.1 - General instructions . 13 2.2 - Specific instructions. 13 3 - Operation instructions . 14 3.1 - Prohibitions. 14 3.2 - Potential risks. 15 3.2.1 - Risk of command system disturbance . 15 3.2.2 - Risk of falling . 15 3.2.3 - Risk of electrocution . 16 3.2.4 - Risk of uncontrolled movement and overturning . 16 3.2.5 - Risk of burns and explosion . 18 3.2.6 - Risk of crushing and collision . 18 B INTERVENOR'S RESPONSIBILITY 1 - Owner's (or hirer's) responsibility. 19 2 - Employer's responsibility . 19 3 - Trainer's responsibility . 19 4 - Operator's responsibility . 19 5 - Inspection and maintenance . 20 C MACHINE LAYOUT 1 - Identification . 21 2 - Main components . 22 CONTENTS 3 - Safety devices. 26 3.1 - Turntable rotation pin . 26 3.2 - Sliding (or swinging) intermediate guardrail. 28 3.3 - Anchorage point (Please see machine configuration) . 28 4 - Decals . 29 4.1 - Classification plan . 29 4.1.1 - Red decals . 29 4.1.2 - Orange decals . 31 4.1.3 - Yellow decals . 33 4.1.4 - Other decals . 34 4.1.5 - Green decals .
    [Show full text]
  • Star 8 - 22J 10 26J
    Operator's manual Operator's manual STAR 8 - 22J 10 26J STAR 8 - STAR 22J - STAR 10 - STAR 26J 24203 0 E 10.15 USA 4000357590 E 10.15 USA / GB STAR 8 - STAR 22J - STAR 10 - STAR 26J 2 4000357590 E 10.15 USA / GB Operator's manual CONTENTS A FOREWORD 1 - User responsibility . 8 1.1 - Owner's responsibility. 8 1.2 - Employer's responsibility. 8 1.3 - Trainer's responsibility . 8 1.4 - Operator's responsibility. 9 2 - Safety . 10 2.1 - Safety instructions. 10 2.1.1 - Misuse Hazards . 10 2.1.2 - Falling Hazards. 11 2.1.3 - Overturning / Tip-over Hazards . 12 2.1.4 - Electrocution Hazards. 15 2.1.5 - Explosion / Fire Hazards. 16 2.1.6 - Crushing / Collision Hazards . 17 2.1.7 - Uncontrolled movement Hazards . 18 3 - Safety inquiries . 19 4 - Incident notification . 19 5 - Compliance . 20 5.1 - Product information. 20 5.1.1 - Change of Ownership Notification . 20 5.1.2 - Owner information update form . 21 5.2 - Product specifications. 22 B FAMILIARIZATION 1 - General safety . 23 1.1 - Intended use . 23 1.2 - Decal content. 24 1.3 - Symbols and colors . 25 1.4 - Level of severity. 25 1.5 - Symbols legend and definitions. 26 2 - Models description . 27 3 - Primary machine components. 28 3.1 - Layout . 28 3.2 - Ground control box. 30 3.2.1 - Layout. 30 3.2.2 - ACTIV'Screen . 31 3.3 - Platform control box . 32 CONTENTS 3.3.1 - Layout. 32 4 - Performance Specifications. 34 4.1 - Technical characteristics . 34 4.2 - Working area / Range of motion .
    [Show full text]
  • Not for Release, Publication Or Distribution, in Whole Or in Part, In, Into, Or from Any Jurisdiction Where to Do So Would Const
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 19 December 2018 HSS Hire Group plc ("HSS" or the "Company") Competition and Markets Authority (CMA) Unconditional Clearance HSS welcomes the announcement from the Competition and Markets Authority (CMA) that it has given unconditional clearance for Nationwide Platforms Limited, a wholly-owned subsidiary of the Loxam Group, to acquire UK Platforms Limited from HSS for a total Enterprise Value of £60.5 million. This transaction (the “Disposal”) can now progress to completion allowing HSS to make significant progress against its strategic priorities specifically (i) delevering the Group by reducing debt; and (ii) enabling greater focus on the core Tool Hire business. We anticipate completion of the Disposal in early 2019 and will provide an update then on the impact of the Disposal on the financial position of the Group. For further information please contact: HSS Hire Group plc Tel: 020 3757 9248 Steve Ashmore, CEO Email: [email protected] Paul Quested, Chief Financial Officer Jonathan Edwards, Investor Relations Manager Numis Securities (Sponsor and Financial Adviser) Tel: 020 7260 1000 Stuart Skinner Stuart Ord Freddie Naylor-Leyland Teneo (Public Relations Adviser) Tel: 020 3757 9248 Robert Morgan Shona Buchanan Notes to the editor About HSS Hire HSS Hire Group plc provides tool and equipment hire and related services in the UK and Ireland through a nationwide network of over 250 locations.
    [Show full text]
  • Zhejiang Dingli
    27 Jun 2019 CMB International Securities | Equity Research | Company Update Zhejiang Dingli - A (603338 CH) BUY (Initiation) A structural growth story in a cyclical sector Target Price RMB75.00 Up/Downside +32% We believe aerial working platform (AWP) is entering a structural growth Current Price RMB56.95 trajectory as the rising labor cost in China will make AWPs incrementally cost competitive compared with the traditional scaffolding. With AWP fleet size of only 13% of that in the US, we see explosive growth potential in China over the coming China Capital Goods years. We believe Zhejiang Dingli, a Chinese based pure AWP manufacturer, is set to become the major beneficiary given its global presence, first mover Wayne Fung, CFA (852) 3900 0826 advantage, cost competitiveness, brand recognition and strong management [email protected] execution. We forecast Dingli to deliver an impressive earnings CAGR of 34% in 2019E-21E, with further upside coming from potential capacity additions. Initiate with BUY and TP of RMB75. Stock Data Mkt Cap (HK$ mn) 19,749 Explosive growth potential in China driven by structural factors. Avg 3 mths t/o (HK$ mn) 110 According to International Powered Access Federation (IPAF), the fleet size 52w High/Low (HK$) 61.04/30.73 of AWP in China grew 29% YoY to 78k units in 2018, representing only ~5% Total Issued Shares (mn) 346.8 Source: Bloomberg of the world’s total. Rising labor cost, time cost and more awareness of safety issue make AWP more attractive to scaffolding in China. Our case analysis Shareholding Structure suggests that the cost savings by applying AWP can reach 19% at present.
    [Show full text]
  • The World's Largest Access Equipment Rental Companies
    Volume Twenty Four I Issue Five I August-September 2017 A KHL Group publication I www.khl.com/ai The world’s largest access equipment rental companies Official magazine of IPAF INTERVIEWS: CHINA | APEX ASIA PREVIEW | ONSITE IN INDIA | SCISSORS Access 08-09 2017 Cover.indd 1 21/08/2017 09:09:00 SJ85AJ LAUNCH READY! CLASS LEADING 85’ (25.91 m) PLATFORM HEIGHT DUAL CAPACITY RATING OF 750/500LBS (227/340 kg) 34’ (10.36 m) UP AND OVER CLEARANCE Launching the newest addition to its growing boom lineup, the SJ85AJ Articulating Boom fills out Skyjack’s offering in the core 40’, 60’ and 80’ boom classes. Like all Skyjack booms, the new SJ85AJ is engineered with simple reliability in mind. FOR MORE INFORMATION VISIT WWW.SKYJACK.COM IRN MAR 2017 indd 1 2017-01-30 10:08 AM Untitled-1 1 22/08/2017 08:19:46 commentFROM THE EDITOR Volume 24 ■ Issue 5 August-September 2017 STAFF LIST Changing gears Editor Euan Youdale e-mail: [email protected] t has been a year of change in the world of access and, as I write, we Staff Writers are still well within the third quarter, meaning there is still plenty Many Chinese Lindsey Anderson, Alex Dahm, I of time for more major industry news to develop. Steve Ducker, Sandy Guthrie, In this issue of AI we have the access50 listing of the world’s manufacturers Mike Hayes, Joe Malone, “ biggest rental companies, ranked by fl eet size, which very much refl ects Cristián Peters, D.Ann Shiffl er Consultant these changes.
    [Show full text]
  • Haulotte€Ha 26
    Operator's manual Operator's manual HA26 RTJ O - SW PRO HA26 RTJ PRO SW HA80 O - HA26 RTJ O - HA26 RTJ O SW HA26 RTJ PRO - HA26 RTJ PRO SW HA80 RTJ O - HA80 RTJ PRO 4000572600 E07.17 USA / GB HA26 RTJ O - HA26 RTJ O SW HA26 RTJ PRO - HA26 RTJ PRO SW HA80 RTJ O - HA80 RTJ PRO 2 4000572600 E07.17 USA / GB Operator's manual CONTENTS A FOREWORD 1 - User responsibility . 8 1.1 - Owner's responsibility. 8 1.2 - Employer's responsibility. 8 1.3 - Trainer's responsibility . 8 1.4 - Operator's responsibility. 9 2 - Safety . 10 2.1 - Safety instructions. 10 2.1.1 - Misuse Hazards . 10 2.1.2 - Falling Hazards. 11 2.1.3 - Overturning / Tip-over Hazards . 12 2.1.4 - Electrocution Hazards. 15 2.1.5 - Explosion / Fire Hazards. 16 2.1.6 - Crushing / Collision Hazards . 16 2.1.7 - Uncontrolled movement Hazards . 18 3 - Safety inquiries . 19 4 - Incident notification . 19 5 - Compliance . 20 5.1 - Product information. 20 5.1.1 - Change of Ownership Notification . 20 5.1.2 - Owner information update form . 21 5.2 - Product specifications. 22 B FAMILIARIZATION 1 - General safety . 23 1.1 - Intended use . 23 1.2 - Decal content. 24 1.3 - Symbols and colors . 25 1.4 - Level of severity. 25 1.5 - Symbols legend and definitions. 26 2 - Models description . 27 3 - Primary machine components. 28 3.1 - Layout . 28 3.2 - Ground control box. 30 3.2.1 - Layout. 30 3.2.2 - HAULOTTE Activ'Screen 2.
    [Show full text]
  • Competition Between Exchanges: Euronext Versus Xetra
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Kasch-Haroutounian, Maria; Theissen, Erik Working Paper Competition between exchanges: Euronext versus Xetra CFS Working Paper, No. 2007/19 Provided in Cooperation with: Center for Financial Studies (CFS), Goethe University Frankfurt Suggested Citation: Kasch-Haroutounian, Maria; Theissen, Erik (2006) : Competition between exchanges: Euronext versus Xetra, CFS Working Paper, No. 2007/19, Goethe University Frankfurt, Center for Financial Studies (CFS), Frankfurt a. M., http://nbn-resolving.de/urn:nbn:de:hebis:30-44002 This Version is available at: http://hdl.handle.net/10419/25520 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten
    [Show full text]
  • 45Xa - Hla16px 55Xa Hla19px 45Xa - Hla16px - 55Xa - Hla19px 45Xa - Hla16px - 55Xa - Hla19px
    Operator's manual Operator's manual 45XA - HLA16PX 55XA HLA19PX 45XA - HLA16PX - 55XA - HLA19PX 45XA - HLA16PX - 55XA - HLA19PX 24203 0 X USA 4000637120 E 06.19 USA / GB 45XA - HLA16PX - 55XA - HLA19PX 2 4000637120 E 06.19 USA / GB Operator's manual CONTENTS A FOREWORD 1 - User responsibility . .8 1.1 - Owner's responsibility. 8 1.2 - Employer's responsibility . 8 1.3 - Trainer's responsibility. 8 1.4 - Operator's responsibility. 9 2 - Safety. 10 2.1 - Safety instructions . 10 2.1.1 - Misuse Hazards . 10 2.1.2 - Falling Hazards . 11 2.1.3 - Overturning / Tip-over Hazards . 12 2.1.4 - Electrocution Hazards . 14 2.1.5 - Explosion / Fire Hazards . 15 2.1.6 - Crushing / Collision Hazards . 15 2.1.7 - Uncontrolled movement Hazards. 16 3 - Safety inquiries. 17 4 - Incident notification . 17 5 - Compliance . 18 5.1 - Product modification . 18 5.1.1 - Implementing manufacturer safety campaigns. 18 5.2 - Product specifications. 19 5.3 - Change of Ownership Notification. 19 B FAMILIARIZATION 1 - General safety. 21 1.1 - Intended use. 21 1.2 - Decal content . 22 1.3 - Symbols and colors . 23 1.4 - Level of severity . 23 1.5 - Symbols legend and definitions. 24 2 - Models description. 25 3 - Primary machine components . 26 3.1 - Layout. 26 CONTENTS 3.2 - Ground control box . 28 3.2.1 - Layout . 28 3.3 - Platform control box . 31 3.3.1 - Layout . 31 4 - Performance Specifications . 34 4.1 - Technical characteristics . 34 4.2 - Working area / Range of motion . 38 5 - Decals and markings locations. 41 3 Operator's manual C PRE-OPERATION INSPECTION 1 - Recommendations .
    [Show full text]