Report
Emmanuel Matot

Manitou : Redressement plus fort que prévu des marges

>Excellents résultats semestriels - Manitou a publié hier soir ses résultats semestriels.Si le CA dépasse légèrement nos attentes (+33% à 1402 M€ vs ODDO = 1371 M€), le redressement de la MOP courante constitue une surprise (+2 points à 6.3% vs ODDO = 3.0%). Cette performance s’explique surtout par la gestion de l’écoulement du carnet de commandes (hausse de la production dans un contexte de meilleure fluidité de la supply chain) et par les hausses de prix (...
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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