Haulotte Group (PIG) Q1 2026 TU earnings summary

Executive summary

• First quarter 2026 sales reached €121 million, a 4% decrease year-over-year at constant exchange rates, excluding IAS29.

• Revenue decline driven by lower rental and service activity, partially offset by stable equipment sales volumes.

• Market conditions showed signs of stabilization after a low point at the end of 2025, despite ongoing economic and geopolitical disruptions.

Financial highlights

• Equipment sales down 2% year-over-year; rental sales down 24%; service activity down 10%.

• Total revenue decreased 7% to €121 million from €131 million in the prior year period.

• Rental sales experienced the steepest decline at -31% compared to the previous year.

Outlook and guidance

• Sales growth is expected for 2026, contingent on North American market recovery.

• Anticipates a return to positive current operating margin in 2026.