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2024 Third Quarter Sales

Published 2024/10/22

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Third-quarter 2024 sales of €145 million,
down -12% year-on-year

(at constant exchange rates, excluding IAS 29)



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 Results: February 11, 2025


 
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