Manitou : More good news on margin recovery
>Q3 sales showing no real surprises – Further healthy momentum thanks to fluidification of the operating chain - Manitou has reported still dynamic Q3 2003 sales (+14% to € 656m), albeit not ahead of our estimate (€ 675m).The group continued to benefit from a fluidification of the operating chain enabling it to step up clearance of its order backlog.2023 targets reiterated for sales, and increased for EBIT margin – Order backlog providing good visi...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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