Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

ER - Haulotte - 2024 Q1 Sales

Company: Haulotte Group Date: 2024-04-23 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.pdf) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

![](_page_0_Picture_0.jpeg)

# **HAULOTTE : 2024 First Quarter Sales**

## **First-quarter 2024 sales of €157 million,**

### **down -19% year-on-year**

**(at constant exchange rates, excluding IAS29)**

|                                                         |              | Lorette, April 23, 2024 |       |
|---------------------------------------------------------|--------------|-------------------------|-------|
| Revenue by business line - excl. IAS 29 - in € millions | YTD Mar 2024 | YTD Mar 2023            | Var % |
| Equipment sales                                         | 134          | 172                     | -22%  |
| Rental sales                                            | 5            | 6                       | -10%  |
| Services                                                | 18           | 18                      | 0%    |
| Total                                                   | 157          | 196                     | -20%  |

*The changes presented below are at constant exchange rates, excluding the application of IAS29 (Argentina and Turkey hyperinflation)*

#### **2024 First Quarter Activity:**

After a particularly dynamic 1st quarter 2023 that was largely stimulated by the supply difficulties encountered during previous semesters, the first 3 months of 2024 mark a return to normal investment cycles and a certain wait-and-see attitude from rental customers. In this context, Haulotte posted sales of €157 million in the first quarter of 2024, compared to €196 million in the same period last year, down -19% between the two periods.

In Europe, where the economic slowdown and high interest rates caused the main rental companies to adopt a cautious approach, first-quarter sales were down in the vast majority of markets, resulting in -28% in the first quarter.

In Asia-Pacific, Haulotte's sales remained stable at -3% in the quarter compared to the same period in 2023.

In North America, sales were down -9% compared to Q1 2023, but the aerial work platform business remains well oriented, albeit declining slightly by -5%, driven by a still significant backlog.

In Latin America, the start of the year was marked by a certain sluggishness, with sales down -26% on the previous year.

At the end of the first quarter of 2024, equipment sales were down -22% compared to the first quarter of 2023, rental business was down -8%, and service business was stable.

#### **2024 Outlook:**

In this more wait-and-see than expected environment, sales activity in the 2nd quarter will be decisive in meeting the annual target of stable sales for 2024, and current operating margin (excluding foreign exchange gains and losses) close to +5% of sales.

#### **Upcoming events:**

General Annual Meeting: May 23, 2024

2024 Half-Year Results: September 10, 2024

**CONTACTS** Alexandre SAUBOT Carine Ploton Tel. : +33 (0)6 81 44 35 66 Tel. : +33 (0)6 81 44 35 66 [relation-investisseurs@haulotte.com](mailto:relation-investisseurs@haulotte.com) [relation-investisseurs@haulotte.com](mailto:relation-investisseurs@haulotte.com)

![](_page_0_Picture_21.jpeg)

1

Unlock Europe's Largest Financial Database—Free

Get instant access to over 2.8M filings from 8,970 companies across 44 markets. No cost. No hassle. Just results.

Save hours with instant data access
Trusted by leading financial institutions
Free forever—no strings attached

Or sign up with

Google Microsoft

Or log in with

Google Microsoft

This premium feature is designed for professionals. Upgrade your plan to gain immediate access and enhance your research capabilities.

Upgrade Now