Haulotte : Aims to protect profits in a tough market context
>Further absence of operating leverage in 2019 – Slight contraction in underlying operating profit in a context of sales growth - Haulotte yesterday evening reported its 2019 results.Underlying operating profit was down 3% to € 36m, i.e. a level in line with our expectations (ODDO BHF = € 36m) and close to the indication of stability provided by management in February at the time of the full-year sales publication (+8% excl. forex).The absence of operating l...Haulotte Group manufactures and sells machines for use in building/public works and industrial markets. Co. specializes in people and material lifting equipment. It also operates in rental market for this equipment. Co.'s offering includes access equipment, telehandlers, earth moving equipments, system and utility scaffolds, event staging and seating. Its activities can be divided into three segments: the manufacture and sale of lifting equipment, the rental of lifting equipment, and services (spare parts, repairs and financing). Co. operates geographically in Europe, North America, South America and Asia/Pacific.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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