Manitou : Margin increased better than expected
>Excellent interim results - Manitou reported its interim results yesterday evening.While sales slightly exceeded our expectations (+33% to € 1,402m vs ODDO = € 1,371m), the recovery in the current operating margin is a surprise (+2 points to 6.3% vs ODDO = 3.0%). This performance is mainly explained by the management of the flow of the order book (increase in production in a context of better fluidity of the supply chain) and by price increases (exceeding i...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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