Haulotte Reports Decline in 2024 First Quarter Sales

Haulotte Group announced a 19% decrease in sales for the first quarter of 2024 compared to the same period last year, generating a total of €157 million. This decline reflects a slowdown across all regions, attributed mainly to a return to normal investment cycles and greater caution among rental companies.

In Europe, the economic slowdown and rising interest rates have prompted major rental firms to exercise caution, resulting in a 28% drop in sales. Conversely, the Asia-Pacific region showed more stability, with only a 3% decline. North America experienced a 9% decrease in sales, while Latin America saw a significant downturn of 26%. Notably, the equipment sales sector faced a 22% reduction, with rental and services sectors also experiencing declines.

Looking ahead, Haulotte anticipates the second quarter of 2024 to be crucial for achieving its annual target of stable sales, aiming for a current operating margin close to 5%. Upcoming corporate events include the General Annual Meeting on May 23, 2024, and the announcement of half-year results on September 10, 2024.