Stock

Haulotte Group S.A.

PIG.PA
29
Agricultural - Machinery · Industrials
Also trades as: 0HVA.L GBP 0.02 (-7.63%)
Price
€2.19
+0.04 (+1.86%)
Market Cap
€64.4M
Exchange
Euronext Paris
Winston Score
29
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Oct 9, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
5/30
Growth
Weak
2/20
Cash Flow
Weak
2/10
Stability
Strong
7/10
Valuation
Data not available
0/10
Ownership
Good
10/15
Dividends
Good
3/5

29 of 100 counted points = Winston Score 29.

Share count rising — dilution

+6.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 29.5M (2021) → 31.4M (2025)

§Winston Score History

The full picture

Haulotte Group is a French company that makes aerial work platforms — the machines that lift workers high into the air to do jobs like construction, maintenance, and warehouse work. Its main products include boom lifts, scissor lifts, and telehandlers, sold to rental companies, construction firms, and industrial businesses around the world. Haulotte is one of the largest manufacturers of this equipment in Europe.

The company earns money by selling equipment outright and providing spare parts and services. It operates globally, with a strong presence in Europe, the Americas, and Asia-Pacific, generating roughly €600–700 million in annual revenue. Its established dealer and rental network gives it some competitive footing, but thin margins — as reflected in its low gross and operating margins — leave little room for error. The key risk is that demand for lifting equipment is closely tied to construction activity, which slows sharply during economic downturns or rising interest rate environments.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+50.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

63.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€33M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Haulotte Group S.A. is growing revenue at 5% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
0.0%
Thin — 0.0% gross margin
Profit after running costs
Operating Margin
2.9%
Thin — 2.9% operating margin
Return on the money invested
ROCE
5.6%
Weak — 5.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-2.3%
Shrinking sales (-2.3% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
7.4%
Modest free cash flow (7.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.60
Elevated debt (1.60)
Covers its interest
Interest Cover
100.00x
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
10.33%
Healthy income — 10.33% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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