Manitou : Sharp contraction in sales in Q1 and still no guidance for 2020
>Sharp contraction of sales in Q1 – All divisions and geographic regions reflect a contraction - Manitou reported its Q1 2020 sales yesterday evening. Unsurprisingly, it is down sharply by 25% to € 421m (ODDO BHF = € 392m), due to a particularly high basis of comparison (Q1 2019 = +22%) and the initial impacts of the pandemic (shortfall of around € 20m compared to the initial budget).All divisions and geographic areas are down significantly, particularly those ex...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.