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

  • Caterpillar France’s Eric Lepine takes over CECE presidency
    January 15, 2014
    Eric Lepine, general manager of Caterpillar France SAS in Grenoble, has taken over the presidency of the Committee for European Construction Equipment (CECE). Lepine replaced Johann Sailer on January 1 2014 and will serve as CECE president over the next two years. The official handover from Sailer, who himself chaired the association for two years, took place in Paris in December on the occasion of the last CECE-Steering Group meeting of the year. During his 26 years of experience in the industry, Lepin
    Read More
  • VDMA’s optimistic 2014 outlook
    February 21, 2014
    The VDMA has given an optimistic 2014 performance forecast for the German construction equipment and building material machinery industry. Compared to the previous year, industry turnover declined slightly in 2013 by 6% to €11.7 billion. But incoming orders for construction equipment are said by the VDMA to have risen by 7% in 2013, compared to 2012. The VDMA predicts a 5% turnover rise in 2014, compared to the previous 12 months. “We can look back on a satisfactory business year overall; given all the
    Read More
  • Easing temporary highway danger
    February 22, 2013
    Some of the latest speedometer technology has been successfully trialled in French highway work zones, while tireless work continues across Europe and the United States to reduce the number of work zone deaths and serious injuries involving road workers and motorists. Guy Woodford reports The number of roadworkers being killed and seriously injured on England’s motorways and major trunk roads more than doubled between 2007 and 2010 – from no deaths and 14 serious injuries. This rise has led to to major camp
    Read More
  • INTERMAT 2024 is gearing up for April edition
    August 28, 2023
    INTERMAT 2024 near Paris is gaining momentum with more equipment manufacturers set to display their latest contributions to sustainable construction and a zero-carbon future.
    Read More

Highlighted Content