Haulotte shares are down 8%, the day after the aerial work platform manufacturer announced sales down 19% to €157 million for the first quarter of 2024.

The group explains that, after a particularly dynamic first quarter in 2023, 'these first three months of 2024 mark a return to normal investment cycles and a certain wait-and-see attitude on the part of rental companies'.

Commercial activity in the second quarter will be decisive in meeting the annual target of stable sales for 2024, and an operating margin before non-recurring items (excluding foreign exchange gains and losses) close to +5% of sales", it warns.

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