Report
Emmanuel Matot

Manitou : Bonne adaptation à une demande plus faible que prévu

>CA T3 décevant – Aucune zone géographique en croissance et décrochage de l’Europe du Nord - Manitou a publié hier soir son CA T3 2024. Il ressort à 593 M€, en baisse de 10% (rappel S1 = 0%) et significativement en deçà de nos attentes (ODDO BHF = 665 M€).Il n’y a plus aucune zone géographique en croissance au dernier trimestre et l’Europe du Nord sous-performe nettement (-22% vs -3% pour l’Europe du Sud, -2% pour les Amériques et 0% pour APAM). Le contexte écono...
Underlying
Manitou BF SA

Manitou BF is active on the global market for material handling. Co. divides its activities into three divisions: Rough Terrain Handling (RTH) where Co. assembles and distributes rough terrain handling equipment such as masted forklift trucks and fixed and rotating telescopic forklift trucks; Industrial Material Handling (IMH) where Co. designs and distributes semi-industrial masted forklift trucks; industrial forklift trucks; truck-mounted forklifts; and Compact Equipment (CE) where Co. designs, assembles and distributes skid steer loaders, telescopic forklift trucks, articulated loaders and mini excavators. Co.'s brands include Manitou®, Gehl®, Mustang®, Loc®, Edge®.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emmanuel Matot

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