Manitou: confirms targets for 2019
(CercleFinance.com) - Last night, Manitou announced results that included FY 2018 sales of 1.
88 billion euros, up 18% from 2017 (+19% excluding FX factors, changes in the group's consolidation scope and impact of chanages in IFRS accounting standards).
Likewise, recurrent operating income came in at 129.3 million euros, up 36%, with net income group share reaching 84.1 million euros, up 40%.
"The dynamics of our order intake and the volume of our backlog allow us to confirm, all other things being equal, our expectation of revenue growth of around 10% for 2019, combined with an improvement in the percentage of profit from recurring operations of around 40 basis points," said Michel Denis, Manitou's president and CEO.
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