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Investing.com -- Haulotte Group SA stock fell 5% after the company reported a sharp decline in first-half sales and earnings amid challenging market conditions.
The equipment manufacturer saw total sales drop 27% in the first half of 2025, primarily due to a 32% decrease in equipment sales to €215 million.
The company cited several headwinds affecting performance, including customs duties, geopolitical conflicts, and low visibility in its markets.
The sales decline had a severe impact on profitability, with operating income (EBIT) plummeting from €29 million in the same period last year to €0 million. The company’s bottom line swung to a net loss of €19 million, compared to a profit of €16 million in the first half of the previous year.
Haulotte’s net debt increased to €209 million, up €9 million since the end of fiscal year 2024, further pressuring the company’s financial position.
Looking ahead, Haulotte provided a cautious outlook, noting that many rental companies are already shifting their focus to 2026 due to poor prospects for the second half of 2025.
Given the high level of uncertainty and challenging market conditions, the company does not anticipate any significant improvement in its operating income during the second half of 2025.
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