Manitou: 3% sales growth in Q1

(CercleFinance.com) - Manitou reports sales of 685 million euros for the first quarter of 2024, up 3% year-on-year, both on a reported and comparable basis, "a development achieved against a backdrop of slowing markets".


The materials handling equipment group claims machine order intake to the end of March 2024 of 186 million euros, compared with 455 million a year earlier, a decline it explains by shorter delivery times and low market visibility.

With a machine order book of nearly 1.88 billion euros, Manitou confirms that it anticipates stable sales for 2024, and a current operating income rate in excess of 6.5% of sales.

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