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Haulotte ( (FR:PIG) ) just unveiled an announcement.
In the fourth quarter of 2024, Haulotte faced a significant slowdown in the global aerial work platform market, resulting in a 37% decrease in turnover compared to the previous year. The annual turnover for 2024 was €634 million, down 17% from 2023, with declines observed across Europe, Asia-Pacific, and North America, primarily due to economic slowdowns and cautious spending by rental companies. Despite these challenges, Haulotte managed to sustain a growth in its Services activity and anticipates maintaining a current operating margin of 6.5% for 2024 by focusing on expense management and gross margin recovery.
More about Haulotte
Haulotte operates in the aerial work platform industry, primarily focusing on the manufacturing and distribution of equipment such as scissor lifts and boom lifts. The company serves a global market, catering to rental companies and industries requiring height access solutions.
YTD Price Performance: 4.21%
Average Trading Volume: 109
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €80.61M
Find detailed analytics on PIG stock on TipRanks’ Stock Analysis page.