Access International May-June 2013 - page 18

access
20
18
access
INTERNATIONAL
MAY-JUNE 2013
Further up the table in sixth place Aichi
Corporation suffered similarly with a 17.8%
fall following the conversion to dollars, despite
an increase in turnover – last year the company
came third.
This shouldn’t detract from the achievement
of this year’s top five companies, however.
At the top of the table stand JLG (first) and
Terex AWP (second).The pair have seemed
immovable over the years and tower over their
closest rivals in terms of turnover.The nearest is
Skyjack, in third place, with a $487.76 million
turnover compared to Terex’s £2104.6 million.
Despite its hold on the top spot, JLG said
sales of aerial work platforms in the fourth
quarter of 2012 were almost flat year-on-year,
at $330 million, while sales of telehandlers rose
from $169.1 million to $248.9 million.
At Terex, North America accounted for 69%
of its 2012 revenues, with Western Europe
falling to 13% from a high of 28% in 2007.The
full year figures reveal the growing importance
of developing markets, with sales in Asia
representing 9% of the total and those in South
America 7%.
So, there have been success stories this year,
but there are also a few warning signs for the
months ahead.The same is true for the next
two companies under discussion.
Skyjack’s impressive 47% increase in
turnover meant it hopped from sixth in last
L
ooking down the table we see some
impressive rises, continuing the positive
trend started in 2010, which followed a
couple of tumultuous years for the
access
20
as the credit crises hit the worldwide economy.
This year’s figures are based on turnover for
the 2012 financial year. Overall, they are not
quite as impressive as last year, when the listing
showed a 49% year-on-year rise in turnover
across the top five companies.This time the top
five have a 13% rise between them.
Of course, with Europe, the world’s
second biggest market for powered access,
still suffering the effects of a long and tough
recession, uneven results from year-to-year can
only be expected.
In a listing like this, in which US currency is
used as the measure, the exchange rate is also
a major factor. A notable example lies with the
Japanese Yen and the two companies in the
access
20
that use that currency. One of
them, Tadano, had a 9% rise in turnover during
its 2012 financial year. But that translated into
an 18.3% drop when converted into dollars
and saw the company fall from 10th to 12th
position in this year’s listing.
As a Tadano spokesman explained, “Japan’s
economy showed signs of a recovery, due in
part to a bullish stock market and devaluation
of the Yen that began around the time the new
government took office.”
year’s table to third this year.The company
said it had improved its margins on increased
sales volumes, as well as enjoying a stronger US
dollar and Euro and lower start-up costs at its
energy business.
Its ascendance saw it jump over Haulotte,
which remains in fourth position. Haulotte
also had a turnover increase, with its 13% rise
reflecting almost exactly the 13.1% increase
between the top five companies. Looking to
the future, a company spokesman added, “The
Steady grip
There are some interesting developments in this year’s
access
20
listing of the world’s biggest aerial work
platform manufacturers, including a handful of potential
warning signs, but the overall story is one of growth
access
20
YEAR-ON-YEAR TOP 5 JOINT TURNOVER/US$ MILLION
2012
10000
8000
6000
4000
2000
0
2005
3593
4941
+37.5%
6735
+36.3%
5410
-19.7%
3361
-37.8%
3406
+1.3%
5088
+49.%
5753
+13.1%
2006 2007 2008 2009 2010 2011 2012
RANK
2012 2011 COMPANY
1

1
JLG
2

2
Terex AWP
3

6
Skyjack
4

4
Haulotte
5

5
Altec
6

3
Aichi Corporation
7

7
Alimak Hek
8

8
GJJ
9

9
Time
10

11
Bronto Skylift
11

15
Palfinger Platforms
12

10
Tadano
13

12
Ruthmann
14

20
Manitou
15

13
Niftylift
16

19
Dingli
17

14
Teupen
18

13
Tanfield
19

17
Geda
20

18
Multitel Pagliero
21

21
Socage
22

16
CTE
23

22
Oil & Steel
*Time Group (not associated companies) ** Broker’s estimate
access
20
1...,8,9,10,11,12,13,14,15,16,17 19,20,21,22,23,24,25,26,27,28,...52
Powered by FlippingBook