Haulotte Group (PIG) Q3 2024 TU earnings summary

Executive summary

• Third-quarter 2024 sales reached €145 million, a 12% year-on-year decline at constant exchange rates, excluding IAS29.

• Year-to-date September 2024 consolidated sales totaled €509 million, down 10% from €568 million in the prior year.

Financial highlights

• Equipment sales for YTD September 2024 were €437 million, down 12% year-over-year.

• Rental sales declined 7% to €16 million, while services grew 5% to €56 million for the same period.

• Total sales for YTD September 2024 decreased 11% to €509 million.

Outlook and guidance

• Sales for full-year 2024 are forecast to decline by close to 10%.

• Annual current operating margin is expected to exceed 5% of sales, excluding exchange gains and losses.