Haulotte : We are cautious on the share following the Q3 2023 release
>Sales organic growth persistently high in Q3 but below our expectations and down compared to H1 - Haulotte released its Q3 2023 sales figures yesterday evening. We note persistently high organic sales growth (+23%) but below our expectations (+33%) and down compared to H1 (+40%). North America remains by far the group's most dynamic geographic region over the quarter and the only area which has not slowed down (+86% in 9M vs +85% in H1). The slowdown has affecte...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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