Haulotte’s 2024 Revenues Decline, but Operating Income Increases

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.

Michael Roth

March 19, 2025

2 min read

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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.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.