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

  • INTERMAT sees Liebherr telehandlers get more lift
    January 6, 2017
    While lift heights remain unchanged from 10-13m, increased lift capacities can now be found across Liebherr’s four-model telehandler range, which now offers 4.1 and 5 tonne lift capabilities. And the range has been rebadged to reflect the new muscle now available. It means models numbers become TL 441-10, TL 441-13, TL 451-10 and TL 451-13. All models use a four-cylinder turbocharged engine rated at 74kW, with a hydrostatic transmission taking care of drive to all four wheels. Three steering modes remain –
    Read More
  • INTERMAT sees Liebherr telehandlers get more lift
    April 13, 2012
    While lift heights remain unchanged from 10-13m, increased lift capacities can now be found across Liebherr’s four-model telehandler range, which now offers 4.1 and 5 tonne lift capabilities. And the range has been rebadged to reflect the new muscle now available. It means models numbers become TL 441-10, TL 441-13, TL 451-10 and TL 451-13. All models use a four-cylinder turbocharged engine rated at 74kW, with a hydrostatic transmission taking care of drive to all four wheels. Three steering modes remain –
    Read More
  • Fayat launches COMPACT asphalt plant in series of world firsts at INTERMAT
    January 6, 2017
    Fayat’s new COMPACT asphalt mixing plant creates a continuous flow of multipurpose product, including cold, warm and hot mix. The new plant ensures optimum energy management when mixing aggregates while maintaining the ability to recycle materials according to typology. The feed is conventional into the dryer tube for virgin materials – and into the continuous mixer, or both, for recycled materials. Bitumen is introduced into the Retroflux or Recyclean dryer tube, or into the mixer, far away from the flame.
    Read More
  • Fayat launches COMPACT asphalt plant in series of world firsts at INTERMAT
    April 16, 2012
    Fayat’s new COMPACT asphalt mixing plant creates a continuous flow of multipurpose product, including cold, warm and hot mix. The new plant ensures optimum energy management when mixing aggregates while maintaining the ability to recycle materials according to typology. The feed is conventional into the dryer tube for virgin materials – and into the continuous mixer, or both, for recycled materials. Bitumen is introduced into the Retroflux or Recyclean dryer tube, or into the mixer, far away from the flame.
    Read More

Highlighted Content