Haulotte’s 2024 Revenues Decline, but Operating Income Increases

Haulotte posted €634 million in 2024 revenue, down from €767 million in 2023, a 17.3-percent year-over-year decrease. Operating income, however, increased from €31 million to €38 million, a 22.6-percent increase. Current operating income rose from €31 million to €43 million, a 38.7-percent jump, mainly because of the impact of passing on increases in cost prices to sales and improvements in component prices.

Haulotte’s net result stands at 1.9 percent of revenue, a significant growth compared to 2023, negatively impacted by a still unfavorable exchange rate. Haulotte’s net debt is down by €40 million to €200 million, primarily because of a significant improvement in free cash flow, driven by higher gross cash flows from operations, and a reduction in working capital requirement.

Haulotte said it is unable to commit to a sales level or current operating margin expectations because of an environment currently lacking visibility across all markets. The company expects to clarify its projections when conditions allow. However, the company said it will continue to rely on its capacity for innovation and its customer relationships, while maintaining its efforts to optimize inventory levels and control operational expenses.