Manitou bullish for 2011

Telehandler manufacturer Manitou reports strong financial performance in 2010.
March 5, 2012 Read time: 1 min
Telehandler manufacturer 2106 Manitou reports strong financial performance in 2010. The company reports revenues of €243 million for the fourth quarter of 2010 alone, representing a climb of 35% from the previous year. Meanwhile for the full financial year Manitou's revenues hit €838 million, jumping 23% from the figures obtained in 2009. The firm reports a strong order intake, which reflects better market conditions although its backlog shows that it still has to ramp up output. Jean-Christophe Giroux, Manitou president & CEO said, "It's been a strong Q4 and a good finish for 2010 which will remain as the year of the rebound. Even if market conditions are still very tough to read, we cannot deny a better environment, and a catch-up effect in renewal cycles. The rebound has been spectacular with Compact Equipment in North America, but coming from a very low level; on a two-year sequence 2008-2010, the different patterns even out and all three divisions are down -43%. Now, with orders up 48% in Q4 versus Q3, year-end backlog is close to 7,500 units. The flipside is that we still cannot source components fast enough to deliver on this demand." Giroux added that he expects market conditions to continue to improve in 2011.
Maintenance

For more information on companies in this article

Related Content

  • Deutz is bullish with strong performance
    April 27, 2017
    Deutz has announced promising preliminary results for the first quarter of 2017. The firm claims a successful start to the 2017 financial year, with a marked increase in new orders and revenue, as well as an improved operating profit. New orders hit €403.2 million, a 23.2% increase on the first three months of last year when the figure was €327.3 million. In addition, the performance represents a 23.6% gain over the fourth quarter of 2016 when the figure was €326.1 million. At 37,153 engines, unit sales wer
    Read More
  • Software innovations benefit construction planning
    February 9, 2012
    Bentley Systems remains bullish with a healthy financial performance and continued investment in research and development, reports Mike Woof. The State Geological Institute of Dionyz Stur in Slovakia won an award in the Bentley Systems Be Inspired event's geotechnical category for an innovative project to log and analyse an area of the country's geology. As a leading player in the construction software sector, Bentley Systems is benefiting from growth in infrastructure investment worldwide. And despite the
    Read More
  • LeeBoy’s strong future, through Tier 4 Final investment
    February 22, 2019
    LeeBoy is seeing strong sales for its road machines at the moment, particularly in the US. And the firm’s early investment in fitting Tier 4 Final compliant engines has played a significant role Christopher Barnard is CEO of LeeBoy and commented, “The US has been strong. Demand is there and the infrastructure spending is there. It’s a good market. In our segment for commercial paving we’re doing very well.” The paver range is selling well and the firm’s 8520 model is a particularly strong seller. Barnard
    Read More
  • LeeBoy’s strong future, through Tier 4 Final investment
    March 20, 2019
    LeeBoy is seeing strong sales for its road machines at the moment, particularly in the US. And the firm’s early investment in fitting Tier 4 Final compliant engines has played a significant role Christopher Barnard is CEO of LeeBoy and commented, “The US has been strong. Demand is there and the infrastructure spending is there. It’s a good market. In our segment for commercial paving we’re doing very well.” The paver range is selling well and the firm’s 8520 model is a particularly strong seller. Barnard
    Read More

Highlighted Content