on HAULOTTE GROUP (EPA:PIG)
Haulotte Group Reports Improved Operating Margin Despite Revenue Decline in 2024
Haulotte Group announced its financial results for 2024, showcasing a notable improvement in its current operating margin, reaching 6.7% of sales. This growth comes in spite of a 17% decline in revenue, totaling €634 million, amid a global slowdown in the aerial work platform market.
The company's current operating profit increased by €12 million to €43 million, attributed to strategic pricing adjustments and improved component costs. However, exchange rate volatility adversely affected net results by €7 million, yet the overall net result improved to €12 million or 1.9% of revenue.
Haulotte's net debt decreased by €40 million to €200 million, supported by enhanced free cash flow through effective operations and working capital management. The company remains cautious about 2025, prioritizing innovation and cost control, with a proposed dividend of €0.22 per share for 2024.
R. P.
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