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

  • Advances in geosynthetics boost soil stabilisation
    March 13, 2012
    Special fabrics are often used in civil engineering works, including highways, to make soil stronger Geosynthetics have been used in roadway construction for thousands of years with natural materials being mixed with soil to improve quality and stability. While today's products are much more sophisticated, the principles are the same. For example, when used with soil, geotextiles (permeable fabrics) can filter, separate, reinforce, protect, or drain, and they are often made from polypropylene or polyester,
    Read More
  • Shell’s John Read explains “adaptable bitumen” developments
    December 15, 2016
    Shell’s highly innovative bitumen and asphalt solutions are helping create future-ready urban road networks around the world to meet the needs of today and tomorrow. Shell’s general manager of bitumen technology, Professor John Read, takes a look at some of the company’s game-changing ideas. The next 30 or so years will see a significant transformation in the way we live. Whereas almost 75% of the world’s population lived in rural locations in 1950, around 75% will live in cities by 2050. The global popu
    Read More
  • Manitou releases its first-ever 100% “no compromise” electric compact telehandler
    March 16, 2023
    Manitou Group has released its first-ever 100% electric compact telehandler, a machine with “no compromise in terms of performance,” says Ilmars Nartish, Vice President of North American for Manitou Group.
    Read More
  • Pollution-free highways of the future: a reality?
    February 9, 2018
    More collaboration is needed to reduce the impact of highways on the environment, particularly air quality. The technology already exists, argue Bram Miller* and Martin Broderick* The European Environment Agency produced a report showing that a slow improvement in air quality has been observed across Europe. However, 9% of urban Europeans were exposed to nitrogen dioxide emissions in excess of the EU’s annual maximum limit in 2015. Meanwhile, associations between highways and the environment tend to be n
    Read More

Highlighted Content