Manitou Group aims to double business over next 3-4 years

Manitou Group (MG) president Jean-Christophe Giroux says the Group will look to double its business in the next three to four years after revenue rose by 35% to US$1.13billion in 2011. Speaking on the publication of details of MG’s FY11 performance Giroux, who is also the French construction, industry and agricultural machinery manufacturers chief executive, said: “We want to take advantage of all growth opportunities in a developing yet fragmented market and double our business over the next 3-4 year, t
April 20, 2012 Read time: 2 mins
2106 Manitou Group (MG) president Jean-Christophe Giroux says the Group will look to double its business in the next three to four years after revenue rose by 35% to US$1.13billion in 2011.

Speaking on the publication of details of MG’s FY11 performance Giroux, who is also the French construction, industry and agricultural machinery manufacturers chief executive, said: “We want to take advantage of all growth opportunities in a developing yet fragmented market and double our business over the next 3-4 year, to top by 35% the peak of our last cycle.

“We have a lot to work on but the path to success is clear and we are in full marching order.”

Further figures released by Manitou show its recurring EBITDA rose to $103.7million, which was 7.5% of revenue, compared to just $15.7million in 2010. Operating profit in 2011 was $69.6million, up from $2.6million the year before.

Manitou says it expects to achieve 10-15% revenue growth in 2012.

For more information on companies in this article

Related Content

  • Hill & Smith Holdings PLC record 8.5% revenue growth in 2012
    March 12, 2013
    Hill & Smith Holdings PLC, a prominent international group in the manufacture and supply of infrastructure products and galvanising services to global markets, achieved 8.5% revenue growth to US$657.16 million (£440.7mn) in the calendar year 2012, compared to $605.72 million (£406.2mn) the previous 12 months. The Group’s underlying profit before tax was also up 8% to $60.24 million (£40.4mn), from $55.77 million (£37.4mn) in 2011. Just over three quarters – 76% - of profits were generated last year from ov
    Read More
  • Strong export performance for XCMG
    May 16, 2023
    XCMG reports a strong export performance.
    Read More
  • Strong Q2 profit for Wacker Neuson in 2014
    August 5, 2014
    Wacker Neuson, the Munich, Germany-based manufacturer of light and compact equipment has posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The group posted new record revenue and earnings figures for the first six months of the year, and has confirmed its forecast for fiscal 2014.
    Read More
  • Sales down but Deutz keeps profit level in first half 2015
    August 11, 2015
    German engine maker Deutz has reported new order sales were down just over 10% in the first half of this year, to €670.7 million. Unit sales also fell, around 21% down on the first half of last year, to 78,120 engines. Sales of 41,213 engines in the second quarter of 2015 were 11.7% higher than in the previous quarter but were 24.5% lower than in prior-year quarter (Q2 2014: 54,622 engines). Revenue was in line with forecasts, falling by 11% year on year to €670.2 million compared with €753.4 million
    Read More

Highlighted Content