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

  • Keestrack celebrates record orders
    March 8, 2017
    Keestrack is celebrating a record order book at the start of 2017 as the company begins a huge period of global expansion. The Belgian mobile crushing & screening manufacturer’s January-February model orders represent the highest two-month period for orders in Keestrack’s 21-year history.
    Read More
  • Italian construction equipment sales inch upwards, Unacea reports
    April 30, 2015
    In the first quarter of 2015, sales of construction equipment in the Italian market reached 1,605 units, a rise of 19% year on year. Sales of earthmoving machines were up 16% to 1,556 units and road machine sales jumped nearly 400% to 49 units. Paolo Venturi, president of Unacea, the Italian Construction Equipment Association, said the first quarter figures look promising and continue an upward trend that started last year. But there is still a long way to go because there has been an 80% loss of sales in
    Read More
  • XCMG develops overseas presence
    April 29, 2015
    Chinese construction equipment manufacturer XCMG is in the process of developing its operations outside of its home market, in a bid to strengthen its international profile XCMG recently won a large export order of 80 machines to the Middle East, which will raise the profile of the brand in this market. The deal is significant for XCMG as it gives the company a stronger foothold and greater brand recognition in the Middle East, helping with its plans to develop exports. The machine order includes an a
    Read More
  • Controls Group reports back from TRB
    April 30, 2018
    The 97th Transportation Research Board meeting was held in Washington from 7-11 January this year. Nearly 13,800 visitors from 70 countries attended the event that covers all things transport-related. “We’ve had a big increase in visitors from Asian countries in the last two years, particularly from China,” said TRB's director of communications Lisa Berardi Marflak. Controls Group, celebrating its 50th year in business, was one of the exhibitors there, showcasing four testing systems: the AsphaltQube, the
    Read More

Highlighted Content