Manitou president predicts 2012 Group “Refoundation”

Manitou Group president Jean-Christophe Giroux said 2012 would be the year of “Refoundation” for the Group after it recorded a 19% rise in revenue in the first quarter of the year to US$416.6million (€316million). Growing revenue, sustained order intake and high backlog had, said Giroux, given Manitou a great platform for the coming year and beyond. “Things are undoubtedly getting more and more difficult in Southern Europe but Northern Europe, the US, and Asia are showing resilient signs for positive busine
May 3, 2012 Read time: 2 mins
2106 Manitou Group president Jean-Christophe Giroux said 2012 would be the year of “Refoundation” for the Group after it recorded a 19% rise in revenue in the first quarter of the year to US$416.6million (€316million).

Growing revenue, sustained order intake and high backlog had, said Giroux, given Manitou a great platform for the coming year and beyond.

“Things are undoubtedly getting more and more difficult in Southern Europe but Northern Europe, the US, and Asia are showing resilient signs for positive business,” said Giroux.

“Irrespective of the unstable environment, we are positive 2012 will be for Manitou the year of the Refoundation, with a new performance to sustain our mid-term ambitions.”

Giroux said the France-headquartered Group’s mid-term vision would be shared with partners, customers, dealers and the media at a worldwide event set to take place before the end of May.

“We confirm our 2012 objectives, with revenue up 10-15% and EBIT margin up 1 point,” added Giroux.  

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