Haulotte : High operating margin in H1 and warning on sales for 2024
>High operating margin in H1 - Haulotte yesterday evening published its H1 2024 results. They beat our forecasts, notably at the underlying operating profit level, which more than doubled to € 30m (vs ODDO BHF = € 14m). In a context of a contraction in sales (-9%, including -10% organic), the group managed to generate a high underlying operating margin (+5.1 points to 8.3% - a level not reached since 2017) thanks to higher selling prices, a good commercial perfo...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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