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 launch for Sokkia total stations
    February 3, 2012
    Sokkia’s CX total stations are said to represent a new industry standard for performance and security.
    Read More
  • High mobility is claimed for CIFA’s concrete plant
    February 7, 2013
    High mobility is claimed for CIFA’s mobile concrete batching plant, the CIFAMOBILE 50. “This is the first ever CIFA concrete batching plant we’ve built. It’s highly mobile and can be transported on wheels,” said Marco Brambati, director of marketing and business planning at the firm. The machine features a mixer that can produce 1/3 of concrete/cycle. This DNA 1.0 mixer is the smallest in the CIFA range (while the largest has a 3m3 capacity) and can deliver up to 50m3/hour of ready-mixed concrete. The plant
    Read More
  • Fassi offers novel crane technology
    January 6, 2017
    Fassi Gru is launching its novel F120B and F125A cranes, which follow the F110B model launched in 2012. These new machines feature a system with one or two lifting links that improve performance and efficiency. In the case of the F125A, a sophisticated, automatic dynamic control is also fitted. Meanwhile the F1950RAL+L816 crane now offers the largest reach ever developed by Fassi. The company’s products also benefit from advanced electronics and the use of high and ultra-high strength steels, while Fassi Gr
    Read More
  • Fassi offers novel crane technology
    January 31, 2013
    Fassi Gru is launching its novel F120B and F125A cranes, which follow the F110B model launched in 2012. These new machines feature a system with one or two lifting links that improve performance and efficiency. In the case of the F125A, a sophisticated, automatic dynamic control is also fitted. Meanwhile the F1950RAL+L816 crane now offers the largest reach ever developed by Fassi. The company’s products also benefit from advanced electronics and the use of high and ultra-high strength steels, while Fassi Gr
    Read More

Highlighted Content