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
March 16, 2012 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

  • Haulotte delivers substantial increase in sales
    January 6, 2017
    French manufacturer Haulotte has reported sales of €89m in the first quarter of 2012, compared with €72.1m for the same period last year. Equipment sales were up 28.4% and represent 78.5% of total revenue, while service and rental revenues rose by 2% and 14.1% respectively. “Overall we see a pretty good market around the world in 2012,” said chief executive Alexandre Saubot. “I am still concerned by Europe, which will have the slowest growth this year. But overall we are confident that we will achieve doubl
    Read More
  • Haulotte delivers substantial increase in sales
    April 20, 2012
    French manufacturer Haulotte has reported sales of €89m in the first quarter of 2012, compared with €72.1m for the same period last year. Equipment sales were up 28.4% and represent 78.5% of total revenue, while service and rental revenues rose by 2% and 14.1% respectively. “Overall we see a pretty good market around the world in 2012,” said chief executive Alexandre Saubot. “I am still concerned by Europe, which will have the slowest growth this year. But overall we are confident that we will achieve doubl
    Read More
  • Liebherr is offering a versatile and mobile new concrete mixing plant
    January 6, 2017
    Liebherr’s new Mobilmix 2.5 is a container-mounted mixing plant system developed for large construction sites. This plant offers a capacity of 110m3/hour of compacted concrete and is designed for mobility. The plant’s components are housed in modular containers that can be easily transported and linked together on-site. Once erected, the container modules form a weather-proof structure that can be equipped with additional insulation for use in severe climatic conditions.
    Read More
  • Liebherr is offering a versatile and mobile new concrete mixing plant
    April 17, 2012
    Liebherr’s new Mobilmix 2.5 is a container-mounted mixing plant system developed for large construction sites. This plant offers a capacity of 110m3/hour of compacted concrete and is designed for mobility. The plant’s components are housed in modular containers that can be easily transported and linked together on-site. Once erected, the container modules form a weather-proof structure that can be equipped with additional insulation for use in severe climatic conditions.
    Read More

Highlighted Content