Annual sales at €634 M for 2024,
down -17% versus 2023
(at constant exchange rates, excluding IAS 29)
Revenue by business line - excl. IAS 29 - in € millions | YTD Dec 2024 | YTD Dec 2023 | Var % |
---|---|---|---|
Equipment sales | 536 | 672 | -20% |
Rental sales | 21 | 24 | -11% |
Services | 77 | 71 | +9% |
TOTAL | 634 | 767 | -17% |
2024 Annual Activity:
In Europe, where tariffs on equipment imported from China became definitive on January 10, 2025 for a period of 5 years, rental companies continued to adopt a wait-and-see attitude. In this context, Haulotte’s sales fell by -23% over the period.
In Asia-Pacific, annual turnover declined by -21%, in most markets.
In North America, the fourth quarter marked a sharp slowdown in business across all activities. Haulotte posted an annual revenue decrease of -11%.
Latin America is the only region in the world that maintained a stable level of activity over the previous year.
On a full year basis, equipment sales fell by -20%, rental activity by -11%, while Services activity continued to grow year on year, reaching €77M in 2024, a growth of +9%.
In the current market environment with limited visibility, the Group is unable to commit to a specific sales target for 2025 but will do so as soon as conditions permit. During this period, Haulotte will continue to leverage its innovation capabilities and close customer relationships while maintaining its focus on stock optimization and controlling operational expenses.
2024 Full-Year Results: March 19, 2025