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

  • Montreal’s critical list of deteriorating bridges and tunnels has doubled
    September 3, 2012
    The number of Montreal’s bridges and tunnels in a “critical” condition has more than doubled during the past 12 months, says a shocking new report looking at the state of the city’s transport infrastructure. The new report, which came out this month, shows that 27 of the city’s 587 highway structures reached “critical condition” in 2011 compared with only 12 in 2010.
    Read More
  • web SEO headline goes here
    March 18, 2013
    Moriaki Kadoya, president and chief executive of Hitachi Construction Machinery Europe (HCME), says Hitachi Construction Machinery needs to place “greater emphasis” on establishing local production facilities as it bids to strengthen its market position.

    A subsidiary of the Hitachi Group, Hitachi Construction Machinery currently has 33 production sites worldwide – with 16, including its flagship production site near Tokyo, in Japan.
    Read More
  • CONTROLS has developed a new business strategy
    April 4, 2013
    With the European economy in crisis and continuing shifts in the world order, manufacturers must re-think their business strategies if they are to succeed. Seasoned survivor Pasquale di Iorio, CEO of construction testing equipment specialist CONTROLS Group shares his plans for the future - Kristina Smith met him in Italy Pasquale Di Iorio has been at the helm of construction testing equipment manufacturer CONTROLS Group since 1996. First impressions suggest that Di Iorio is a strong leader: confidently dete
    Read More
  • Business outlook mixed: VDMA
    June 4, 2025
    The business outlook is mixed according to the VDMA.
    Read More

Highlighted Content