Haulotte Group announced earnings results for the full year of 2011. For the year, the company reported net sales of EUR 306.9 million against EUR 250.0 million for the same period a year ago. The slight increase in sales prices on new machines covered the majority of the increase in raw materials. Current operating loss was EUR 4.6 million against EUR 46.6 million for the same period a year ago. Current operating income rose sharply through the impact of additional volumes on gross margin, a reduction of the impact of low industry activity, the release of fixed-inventory provisions due to the reduction in old machine inventory a better margin on rental activities and services. Loss before taxes was EUR 10.5 million against EUR 52.2 million for the same period a year ago. Consolidated net loss was EUR 9.0 million against EUR 42.2 million for the same period a year ago. EBITDA was EUR 2.8 million against LBITDA of EUR 20.1 million for the same period a year ago. Net debt stood at EUR 142 million. For 2012, the company expected double-digit growth in sales and generate a positive operating income.