Manitou posts 6% sales increase for first half 2015

Manitou, a maker of telehandlers, aerial platforms and forklifts, has reported sales for the half year 2015 up 6% to €681 million. The company, based in Ancenis, France, also reported net income of €17 million versus €14 million for the same period last year. Order intake on equipment in second quarter of this year was €252 million versus €248 million in Q2 2014. "The growth regions remained in North America and northern Europe, however with less sustained momentum than last year,” said Michel Deni
August 5, 2015 Read time: 2 mins
2106 Manitou, a maker of telehandlers, aerial platforms and forklifts, has reported sales for the half year 2015 up 6% to €681 million.

The company, based in Ancenis, France, also reported net income of €17 million versus €14 million for the same period last year.

Order intake on equipment in second quarter of this year was €252 million versus €248 million in Q2 2014.

"The growth regions remained in North America and northern Europe, however with less sustained momentum than last year,” said Michel Denis, chief executive of Manitou.

“France, impacted by a decrease in construction activity and Russia, hit by political and economic strains, were the two countries which decreased significantly. From a sector point of view, the agricultural sector stabilised and the construction sector benefited from the activity of rental companies outside France,” he said.

The material handling and access division achieved half-year sales of €427 million compared to €425 million in the first half of 2014, a decrease of 1% at constant exchange rates.

The company said that their compact equipment products division was significantly impacted by a major revaluation of the dollar and achieved sales of €145 million, an increase of 26% compared to H1 2014. After several years of strong growth, the American markets appear to be calming. In the other regions, the strengthened dollar burdened the competitiveness of exports from the USA as well as the profitability of division.

Manitou confirmed its previously stated outlook for an increase in sales of around 6% and a margin on recurring operating income of around 4.5% for the full year.
Finance & Funding

For more information on companies in this article

Related Content

  • Euro Auctions brings in the euros at its Leeds, UK site
    September 6, 2016
    Euro Auctions reports that it had record sales at its three-day auction at its recently expanded Leeds site in the United Kingdom at the end of August. A total of 4,645 lots went under the hammer at the 10.5 hectare site, achieving over €37 million. More than 40% of sales were placed via the internet, a record for internet sales, said Jonnie Keys, general manager of Euro Auctions.
    Read More
  • HEXAGON LIVE - making the digital world become a reality
    June 3, 2015
    HEXAGON LIVE - the digital world becomes reality. Everyone in the construction and infrastructure maintenance sector faces the same great challenge - create reality with design through efficiency. But, as designs become more complex, how to gain efficiency is the real trick. These challenges are overcome only by people dedicated to solving problems. That puts them among the world’s innovators, said Ola Rollen, chief executive of technology information company Hexagon, during his welcoming keynote address to
    Read More
  • 20% more visitors flock to CTT 2012/Conexpo Russia
    June 6, 2012
    Huge commercial opportunities for major construction equipment manufacturers sparked by large investment in new and existing Russian transport infrastructure attracted 20% more visitors and 15% more exhibitors to CTT 2012/CONEXPO Russia. Major global brands such as JCB, John Deere, Volvo Construction Equipment (CE), Komatsu, Liebherr, and Wirtgen were among the 911 construction equipment companies from 28 countries present for the five-day event covering more than 124,000m² at the IEC Crocus Expo in Moscow
    Read More
  • Italian equipment manufacturers see good export levels
    August 8, 2012
    Italian manufacturers of construction equipment are benefiting from good export sales at present. While sales of off-highway construction machines in Italy are weak at present, the manufacturers are seeing steady overseas sales. The manufacuring association, UNACEA, says that over the first half of 2012, construction equipment sales in the Italian market decreased by 32% to 3,172 units, compared to the same period of 2011.
    Read More

Highlighted Content