Manitou : Impressive upturn in margins in 2023, revenues on track for stabilisation in 2024, further hefty investment ahead
>Further double-digit revenue growth in Q4 - Very deep order backlog continues to flow through - Manitou reported yesterday evening its Q4 2023 revenue figures. The group delivered further double-digit sales growth (+11%), beating its guidance (+6%), albeit at a slower pace than in previous quarters due to increasingly tough comparison bases (Q1 = +48%, Q2 = +21% and Q3 = +14%). The group continued to ramp up its production rates and benefit from improved su...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®.
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.
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