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Haulotte ( (FR:PIG) ) has shared an announcement.
In 2024, Haulotte faced a challenging global market, resulting in a 17% revenue decrease to €634 million. Despite this, the company improved its current operating margin to 6.7% by adjusting sales prices and benefiting from better component prices. The net result grew to €12 million, aided by improved exchange rates and reduced debt costs, while net debt decreased by €40 million due to enhanced free cash flow. Haulotte plans to propose a €0.22 dividend per share for 2024 and remains cautious about 2025 projections, focusing on innovation and customer proximity.
More about Haulotte
Haulotte operates in the aerial work platform industry, providing equipment that facilitates work at heights. The company focuses on innovation and maintaining close relationships with customers while optimizing stock levels and controlling operating expenses.
YTD Price Performance: 2.65%
Average Trading Volume: 103
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €80.02M
For an in-depth examination of PIG stock, go to TipRanks’ Stock Analysis page.