2023 Annual Results

In a global aerial work platform market that will have reached its peak in 2023, Haulotte achieved historic sales of € 767 million, compared to € 610 million in 2022, an increase of +28% between the two periods, driven by strong growth in volumes sold, particularly in North America, and the positive impact of increases in sales prices.
As a continuation of the first half of the year, the Group posted a current operating income of € 31 million (before exchange gains and losses), or +4.0% of 2023 sales, up € +36 million compared to 2022, driven by the positive effects of sales price increases and growth in sales volumes.
The Group’s net income (including IFRS16 and IAS 29) is 0, negatively impacted by a very unfavourable exchange rate environment for the Group (€ -17 million impact in 2023), in particular the devaluation of the Argentinian Peso (€ -10 million) that occured at the end of the year, and a significant increase in the cost of debt (€ 10 million).
Group net debt (excluding garantees and IFRS16) decreases by  € 6 million, to € 240 million, with a sharp improvement in free cash flow, particularly in the second half of the year, driven by the restoration of operating margin and a reduction in working capital requirement (- 33 days).
The Group is unable to comply with its banking ratios for the period of December 2023, it submitted a waiver request, which was accepted by the banking consortium on March 12th 2024.

Download the consolidated financial statements extract

Upcoming events:  
Q1 Sales: April 23, 2024.
Annual General Meeting: May 23, 2024.