AI assistant
Haulotte Group Earnings Release 2024
1395_10-q_2024-10-22_afaef4a0-8e0f-459a-804c-290acf20ab28.pdf
Earnings Release
Open in viewerOpens in your device viewer
HAULOTTE : 2024 Third Quarter Sales
Third-quarter 2024 sales of €145 million,
down -12% year-on-year
(at constant exchange rates, excluding IAS29)
Lorette, October 22, 2024
| Revenue by business line - excl. IAS 29 - in € millions | YTD Sep 2024 | YTD Sep 2023 | Var % |
|---|---|---|---|
| Equipment sales | 437 | 498 | -12% |
| Rental sales | 16 | 17 | -7% |
| Services | 56 | 53 | +5% |
| Total | 509 | 568 | -11% |
The changes presented below are at constant exchange rates, excluding the application of IAS29 (Argentina and Turkey hyperinflation)
2024 Third Quarter Activity:
During the third quarter, the global aerial work platform market confirmed the slowdown observed over the past few quarters in all regions. Against this backdrop, Haulotte posted consolidated sales of €145 million for the period, down -12% on the previous year.
At the end of September 2024, consolidated sales totaled €509 million, compared with €568 million the previous year, down -10%.
In Europe, the wait-and-see attitude observed over the past year among the major rental players is confirmed. As a result, the Group reported a -20% decrease in sales at the end of September.
Since the beginning of the year, the Asia-Pacific region has also shown increasing signs of a slowdown in its main markets. Sales at the end of September 2024 were down -17%.
In North America, after several semesters of sustained growth, business slowed down in the last quarter. At the end of September 2024, sales in the region were up +3% for all activities combined, and up +6% for the aerial work platform business.
In Latin America, third-quarter business levels were in line with those of the previous quarter, enabling the Group to post cumulative sales growth of +10%.
At the end of September 2024, equipment sales and rental activity were down by -12% and -6% respectively, while service activities continued to grow by +5%.
2024 Outlook:
In this context of continuing uncertainties, Haulotte forecasts a decline in sales of close to -10% for 2024. Bolstered by its excellent 1st half of 2024, the Group should nevertheless post an annual current operating margin of more than+5% of sales (excluding exchange gains and losses).
Upcoming events:
2024 Full-Year Sales: February 11, 2025
CONTACTS Alexandre SAUBOT Carine Ploton Tel. : +33 (0)6 81 44 35 66 Tel. : +33 (0)6 81 44 35 66 [email protected] [email protected]
1