Haulotte: higher sales and lower profits
This change is mainly due to the strong increase in sales volumes and the positive impact of sales price increases", stresses the group.
Sales are up +25% in Europe, driven by all markets, with the exception of Russia, which has come to a standstill. Sales were up 36% in Asia-Pacific (driven mainly by Australia), +85% in North America, and +47% in Latin America.
Despite this increase in sales, Group net income came in at +0.5 ME, or +0.1% of sales, negatively impacted in its financial result by mostly unrealized foreign exchange losses (-8 ME), as the currency environment was less favorable to the Group over the half-year. Last year at the same period, the Group's net income stood at 2.2 ME.
In this context, Haulotte anticipates annual sales growth of between +25% and +30% in 2023, and a current operating margin (excluding exchange gains and losses) of between +3% and +4% of sales.
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