AI assistant
Haulotte Group Earnings Release 2023
1395_10-q_2023-10-24_939e76d8-9ab5-4aef-916e-1cef2245a9cb.pdf
Earnings Release
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HAULOTTE : Third Quarter Sales
2023 Third Quarter Sales of €164.6 million, Up +23% compared to 2022 (at constant exchange rates)
Lorette, October 24th, 2023
| Revenue by business line - excl. IAS 29 - in € millions | YTD Sep 2023 | YTD Sep 2022 | Var % |
|---|---|---|---|
| Equipment sales | 497,9 | 366,0 | +36% |
| Rental sales | 17,5 | 16,3 | +7% |
| Services | 52,9 | 46,8 | +13% |
| Total | 568,3 | 429,1 | +32% |
(*) The changes presented below are at constant exchange rates, excluding the application of IAS29 (Argentina and Turkey hyperinflation)
2023 Third Quarter Activity:
In a global aerial work platform market that remains well oriented and with market conditions normalizing, Haulotte recorded consolidated sales of €164.6 million in Q3 2023, up 23% on the same period last year.
At the end of September 2023, consolidated sales amounted to €568.3 million, compared with €429.1 million last year, representing an increase of +35% between the two periods.
In Europe, where the market is stabilizing, the Group recorded sales growth of +19% over the first nine months of the year.
In Asia-Pacific, Haulotte continued to post year-on-year sales growth of +21% as of end of September.
In North America, Haulotte confirmed the good sales performance seen in previous quarters, with sales up +86% over the first 9 months of the year, driven by strong growth of +128% in the aerial work platform business.
In Latin America, Group sales were up +37%, again driven by business in Brazil.
At the end of September 2023, equipmentsales were up +38%, rental business +9% and services +15%.
2023 Outlook:
Driven by a backlog that remains above average, Haulotte forecasts annual revenue growth from +25% to +30% in 2023 and a current operating margin (excluding foreign exchange gains and losses) from +3% to +4% of its revenue.
Upcoming events
2023 Annual Sales: February 13th, 2024
CONTACTS Alexandre SAUBOT Carine Ploton Tél. : +33 (0)6 81 44 35 66 Tél. : +33 (0)6 81 44 35 66 [email protected] [email protected]
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