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.  

For more information on companies in this article

Related Content

  • Deutz delivers on strong corporate results
    July 11, 2018
    German engine maker Deutz reports that its financial results reveal a successful level of trading for the first half of 2018. The firm’s preliminary financial results for the first half of 2018 show that the volume of new orders rose by 36.6% compared with the same period in the previous year. New orders hit €1.097 billion compared with €803 million in the first half of 2017. Following the strong start to the year, new orders were also very high at €522 million in the second quarter of 2018, a 30.5% increas
    Read More
  • Fayat Group’s bullish outlook based on strong results
    April 26, 2018
    Jean Claude Fayat, president of the family-owned Fayat Group, said that the construction sector is now seeing strong performance, and this is helping group turnover. The road maintenance market is one business segment that is particularly healthy for the group at present. The Intermat show in Paris has also been good, with visitor numbers and customer enquiries noticeably up for 2018 compared with the show three years ago. He commented that visitors have also had a strong international profile and said: “I
    Read More
  • Deutz orders up but revenue drops for Q1 2016
    April 21, 2016
    German engine manufacturer Deutz saw new orders totalling €327.3 million for the first quarter 2016, up 2% on the same period last year. First quarter new orders were up nearly 12% on the last quarter 2015, according to the Cologne-based company’s preliminary results for the first quarter this year. However, at 32,112 engines, unit sales were 13% lower than they had been a year earlier (Q1 2015: 36,907 engines) but rose by 5.1% compared with the previous quarter (Q4 2015: 30,545 engines). Revenue w
    Read More
  • Cummins first quarter results boosted by accelerating global demand
    May 6, 2021
    Off-road and on-road engine manufacturer Cummins made Q1 revenues of US$6.1bn, a 22% increase on the same quarter in 2020.
    Read More

Highlighted Content