Haulotte : Still no profits and the balance sheet remains strained
>A confirmed recovery in the operating margin in 2023 but net profit only at breakeven – Net debt still very heavy - Haulotte yesterday evening reported its 2023 results.The recovery in the operating margin at 4.0% is confirmed (underlying operating profit = € 31m vs -€ 5m l-f-l in 2022), in line with the last indication provided by management in mid-February upon the publication of full-year sales (+28% organic). The group benefited from increases in selling pri...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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