Manitou reports good performance for 2015

French telehandler manufacturer Manitou reports good sales for its fourth quarter in 2015. The firm achieved sales of €333 million for its fourth quarter in 2015, an 8% increase over the same period in 2014. Meanwhile sales for the full-year were also up by 3% in 2015 at €1.287 billion compared with the full-year for 2014. The order intake for its equipment in the fourth quarter of 2015 hit €322 million compared with €298 million in the same period in 2014. And the order book at the end of the fourth quarte
February 2, 2016 Read time: 2 mins
French telehandler manufacturer 2106 Manitou reports good sales for its fourth quarter in 2015. The firm achieved sales of €333 million for its fourth quarter in 2015, an 8% increase over the same period in 2014. Meanwhile sales for the full-year were also up by 3% in 2015 at €1.287 billion compared with the full-year for 2014. The order intake for its equipment in the fourth quarter of 2015 hit €322 million compared with €298 million in the same period in 2014. And the order book at the end of the fourth quarter in 2015 stood at €299 million compared with €312 million in the fourth quarter of 2014.

Michel Denis, president and CEO of Manitou said, "The group experienced a very strong fourth quarter. European demand and business activity saw a strong increase throughout all regions especially in Russia which seems to have left its low point behind. France benefitted from a slightly improved business environment and the effects of new legislation on rental companies. Moreover we were able to increase our market shares in Europe. On the other hand, the sudden decline of the American rental market in Q3 lasted until year-end. Given these dynamics, the group closed the period with an order book more focused towards Europe.

“For 2016, we are expecting an increase in sales of around 2% which should be impacted by the staying power of the French and European markets, by the continued development of our services and product ranges and by increased uncertainty in the business activity of rental companies in North America."
Finance & Funding

For more information on companies in this article

Related Content

  • Roadtec bullish with strong results
    February 21, 2017
    Roadtec says that it saw a strong financial performance in 2016 and has high hopes for 2017. Part of Astec Industries, Roadtec says that it finished 2016 exceeding its sales performance goals. The firm says that the asphalt paving market benefited from the passage of the 6-year FAST-ACT Highway Bill on December 4th, 2015. Astec Industries and Roadtec played important roles in an industry-wide campaign calling for US legislators urging them to pass the bill. “Through these efforts and many others in our i
    Read More
  • World growth in geosynthtics set to rise
    February 17, 2012
    With geosynthetics sales set to grow rapidly in the next three years, manufacturers are preparing for the demand. Patrick Smith reports. Global demand for geosynthetics is projected to increase 5.3% annually to 4.7 billion m² in 2013 with countries such as China, India and Russia expected to post the strongest gains through the forecast period. All are building large-scale infrastructure developments and face evolving environmental protection regulations and strict building construction codes.
    Read More
  • European regulations for engine emissions are getting tougher
    January 4, 2013
    Emissions remain the focus for engine development but equipment manufacturers want clarity from regulators. Emissions remain a major challenge for the off-highway construction equipment market. The EU has tough targets in this respect and its objective is an overall reduction of CO2 emissions of 80-95% by the year 2050, compared to 1990 levels. There is considerable research already underway on how to reduce fuel consumption and to help ensure the security of energy supply. A number of industry sectors, suc
    Read More
  • New emissions proposals - lean, clean green construction machines – but at what cost?
    October 3, 2014
    The European Commission has published proposals setting strict limits on exhaust emissions for off-highway machinery. This proposal has major implications for the construction machinery sector and would make the EU exhaust emissions limits the strictest in the world. There has been a call for swift reading of the regulation in Parliament and Council. This long-anticipated proposal for a revision of the directive 97/68/EC, covers exhaust emissions reduction for engines installed in non-road mobile machinery.
    Read More

Highlighted Content