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
January 6, 2017 Read time: 1 min
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.

%$Linker: External 0 0 0 oLinkExternal <span style="line-height: 115%; font-size: 12pt">www.manitou-group.com</span> Manitou Group false http://www.manitou-group.com/ false false%>%$Linker: 2 Internal 2 4824 0 oLinkInternal <span class="oLinkInternal"><span class="oLinkInternal">View more videos</span></span> Video false /event-news/intermat-2012/video/ true false%>

For more information on companies in this article

Related Content

  • More compact power to the people
    April 13, 2012
    SDMO Industries is hoping its expanded line of rental compact power generators, being unveiled at INTERMAT 2012, will bring commercial success. The R275C3 and R330C3 Rental Compact models will come onto the market after the show, with the R450C3 and R550C3 available from June 2012. It will allow SDMO to offer Rental Compact machines from R16C3 up to R550C3.
    Read More
  • Sany’s HBT 80C-1818 stationary concrete pump
    January 6, 2017
    Sany is showcasing its recently launched stationary concrete pump machines at Intermat 2012 alongside its new truck-mounted models. The HBT 80C-1818, one of the firm’s two stationary models to be featured in the exhibition, has a powerful 170kW, and despite only coming onto the market in recent months, is already in demand on the world’s construction sites.
    Read More
  • Sany’s HBT 80C-1818 stationary concrete pump
    April 12, 2012
    Sany is showcasing its recently launched stationary concrete pump machines at Intermat 2012 alongside its new truck-mounted models. The HBT 80C-1818, one of the firm’s two stationary models to be featured in the exhibition, has a powerful 170kW, and despite only coming onto the market in recent months, is already in demand on the world’s construction sites.
    Read More
  • Liebherr 150EC-B is latest flat-top crane
    January 6, 2017
    Liebherr will show a modular design flat-top tower crane in the 150EC-B at this year’s Bauma. The 150EC-B is available in FR.tronic, with traditional contractor controls, or Litronic version with programmable logic controls. The flat-top crane can be had in 6 tonne and 8 tonne versions, with a maximum hook height of 63m and maximum working radius of 60m. Lift capacity at full radius is 1,700kg.
    Read More

Highlighted Content