Pinguely-Haulotte Names New Management Team; Releases 2004 Sales
 |
| Segundo Fernandez |
January 19, 2005—Pinquely-Haulotte, L'Horme,
Segundo Fernandez replaces Yves Bouchy as Group Sales managing director. Bouchy retired December 31, 2004 after 28 years with the company. Jose Monfront has been named Group Manufacturing director.
Bernard Pointet replaces Michael Audras as Group Rental director. Audras has moved into a new position as Chairman Strategy Advisor. And Daniel Damart, reporting directly to Saubot, assumes full responsibility for the French commercial organization as well as piloting new organizations outside of
Last October, Alexandre Saubot outlined the company's strategic plans for the future, which include reaching all international markets and offering a diversified product line with full service capabilities at a competitive price. Pierre Saubot remains CEO, but has turned over day-to-day operations to his son Alexandre.
Today, the company reported consolidated sales figures for 2004 of 285.8 m€ ($371.3 million US), a 30% growth over 2003. Exports represented 81% of these sales, of which 71% were in
Final figures will be disclosed on March 22, 2005, however, the company already confirms a net profit of 5% despite the rise in raw material costs and the persistent weakness of the U.S. dollar.
“In 2005, we anticipate a progression of our activity and results of 15% to 20%,” said Alexandre Saubot.
