Haulotte : Insufficient operating recovery to lower net debt
>Feedback from analysts’ meeting following H1 2023 earnings release - We attended yesterday’s analysts’ meeting to present Haulotte’s H1 2023 results, which highlighted: 1/ the operating recovery, 2/ currency losses that prevented the group from returning to profit, and 3/ a fresh deterioration in net debt.On the business front, management highlighted record sales in H1 (+40% at € 404m). The backlog is beginning to bet back on track (fewer procurement issues in c...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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