Haulotte: 2024 Half-Year Results

Haulotte Group has reported a significant improvement in its current operating margin for the first half of 2024. Despite a 10% decline in overall sales, the company's current operating margin stands at 8.2% of sales.

Sales decreased to €363 million, with equipment sales dropping by 12% and rental sales by 3%. Service business, however, grew by 3%. These figures align with a global slowdown in the aerial work platform market, particularly in Europe and Asia-Pacific. North America remains a bright spot, with a 9% increase in sales driven by strong performance in the aerial work platforms business.

Current operating income rose to €30 million, benefiting from price adjustments and improved commercial performance in North America. Net income increased to €15 million, despite higher financial expenses and negative exchange rate impacts.

Haulotte forecasts a decline in annual sales by approximately 10% but expects a yearly operating margin of over 5% of sales.