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

  • Riga's newest bridge improved traffic flow
    April 11, 2012
    An alliance of companies has come together to realise major infrastructure projects in Latvia including its biggest bridge. Patrick Smith reports. Riga, the Latvian capital, has the finest collection of Art Nouveau buildings in Europe and its centre is on the UNESCO World Heritage List.
    Read More
  • Riga's newest bridge improved traffic flow
    May 9, 2012
    An alliance of companies has come together to realise major infrastructure projects in Latvia including its biggest bridge. Patrick Smith reports. Riga, the Latvian capital, has the finest collection of Art Nouveau buildings in Europe and its centre is on the UNESCO World Heritage List. The city of some 750,000 people (the country's total population is 2.2 million) is bounded to the south by Lithuania and to the north by Estonia, and is the second largest in Baltic States. To the east is Russia and Belarus.
    Read More
  • When the rain comes
    July 18, 2012
    Statistics show that wet weather and the dark is not the best mix for driving, but road markings offer a safety solution While good road markings are essential any time of the day, it is perhaps at night when roads are wet that they can offer extra guidance. Statistics are said to reveal that an estimated 50% of all accidents happen during the night when it rains but such conditions occur only 10% of the time and when there are usually less vehicles on the road. Indeed, at the 1st Road Marking Symposium hel
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More

Highlighted Content