15.09.2025

Sales and profit plunge for Haulotte

Haulotte has published its first half results which show a substantial decline in revenues and profits.

The company saw overall revenues for the six months to the end of June slump by 27 percent to €264 million, made up as follows:
Half Year
New equipment sales €215 million -32%
Rental €12 million +3%
Parts & services €37 million +2%
Total €264 million -27%

Sales held up better in Europe declining just seven percent while deliveries to the USA plunged 48 percent as buyers waited to see what level tariffs would settle at, Asia Pacific declined 36 percent and South America 34 percent.

Financial result
Last year’s pre-tax profit of €18.95 million was converted to a loss of €7.2 million this year, thanks to the lower volumes, which due to the product mix did not relate to a similar drop in production costs. Operating costs were reduced but offset by higher exchange rate losses and R&D spending, while lower finance costs were offset by lower financial income.

Net debt increased 4.5 percent to €209 million, following a 17 percent reduction last year.

Second half outlook
Haulotte says that with buyers now focusing on 2026, it does not expect any significant improvement in the second half.

Vertikal Comment

This is clearly not a great result from Haulotte, with no sign of improvement until next year. That may well change a little as we move into the fourth quarter, but don’t hold your breath. There are signs that Europe is beginning to pick up a little, but Haulotte really needs the other regions, especially the USA to get back on track if it is to regain the current declines.

Once again the company has a good range of modern products now and it contniues to spend on new product development, which should stand it in good stead for 2026.

We would expect to see a slightly better second half, based on what we hear, but no great improvement until the middle of next year.