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

  • Cummins' strong sales & revenues
    February 4, 2022
    Cummins, the US-headquartered off-highway engine sector giant, saw its year-on-year revenues rise 21% to US$24 billion in 2021.
    Read More
  • 2011 turnover rise for German construction equipment firms
    March 16, 2012
    Turnover in Germany’s construction equipment and building material machinery industry rose by 17% in 2011 to US$16.72billion (€12.6billion).
    Read More
  • Manitou’s ‘new roadmap’ restructure focuses on customer value
    April 29, 2014
    The Manitou Group is to undergo a reorganisation which, the Group says, is part of a ‘new roadmap’ for the future focused on customer value associated with its products and services. The French construction equipment manufacturing group will be organised into three divisions: two product divisions and a service division. The MHA - Material Handling and Access product division will manage the French and Italian production sites manufacturing telehandlers, rough-terrain and industrial forklifts, truck-mounted
    Read More
  • Alimak reports strong business – acquiring other firm
    October 28, 2016
    The Alimak Group reports good business levels for the January-September 2016 period and is looking to make an acquisition. The firm said that it has had profitable growth in the third quarter with an operating margin (EBIT) of15.4%, compared with 15.2% for the same period last year. Meanwhile it has seen a 6% growth in order intake, driven by a healthy demand for construction equipment. The operating margin (EBIT) for after sales meanwhile has been 32.4%, compared with 29.5% for the same period last year.
    Read More

Highlighted Content