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

  • How data mining and the intelligence it creates is helping sites run more effectively and efficiently
    December 13, 2022
    In this, the third in our series of top-level roundtable discussions led by World Highways, editor Mike Woof and roundtable host Nadira Tudor talk machine control technology with three world-class experts from Leica Geosystems (part of Hexagon), Topcon, and Trimble. There’s never been a more exciting time to be in construction as innovation makes us more productive, more efficient, more sustainable, and better connected. Autonomy means opportunity.
    Read More
  • EU missing target of halving road deaths by 2020, says ETSC
    April 12, 2018
    Halving the number of deaths on Europe’s roads by 2020 is not likely to be achieved, according to the European Transport Safety Council. The 28 members of the European Union reduced the number of road deaths by 20% from 2010-2017, far less than the 38% cut needed to stay on course to meet the 2020 target. The European Commission has just published data showing that deaths on EU roads fell by only 2% last year, following a similar decrease in 2016 and a 1% increase in 2015. “For four years in a row, the
    Read More
  • Cost-effective innovative backfill recycling
    February 29, 2012
    Day Aggregates offers a novel materials recycling approach - Kristina Smith reports Here's a neat idea: take the muck from utilities trenches, treat it and reuse it, saving between 30-40% on the cost of landfill and backfill. This, in essence, is the theory behind Day Aggregates' EcoFILL 40 material. Confident of a growing market for this type of product, Day has invested over €569,000 (£500,000) in a new plant at its 3.4ha site in south London. "There is great demand for a solution to waste streams which
    Read More
  • Cost-effective innovative backfill recycling
    April 12, 2012
    Day Aggregates offers a novel materials recycling approach - Kristina Smith reports Here's a neat idea: take the muck from utilities trenches, treat it and reuse it, saving between 30-40% on the cost of landfill and backfill. This, in essence, is the theory behind Day Aggregates' EcoFILL 40 material. Confident of a growing market for this type of product, Day has invested over €569,000 (£500,000) in a new plant at its 3.4ha site in south London. "There is great demand for a solution to waste streams
    Read More

Highlighted Content