Haulotte : Improvement at the operating level - Balance sheet situation still strained
>Recovery in operating performances in H1 but not in net profit. Net debt deteriorates further - Haulotte reported its H1 2023 results yesterday evening. They came in slightly ahead of our expectations at the operating level with sales up 40% to € 403m (vs ODDO BHF = € 396m) and adjusted current operating profit turning positive to the tune of € 13m (vs ODDO BHF = € 10m), or a current operating margin of 3.3% (vs ODDO BHF = 2.5%). The group benefited in the perio...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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