(Boursier.com) — The group Manitou achieved a turnover of 450 ME in the first quarter of 2022, down 4% compared to Q1 2021. Manitou explains this decline as the direct consequence of the wave of the health crisis at the start of the year and the difficulties supply of components which slowed down deliveries of finished products.
“Less penalized by these tensions, the Services and Solutions division recorded record revenue growth of 15% compared to the same period in 2021. From a commercial point of view, order intake for the quarter remains dynamic in almost all geographies and business sectors,” says Manitou’s Managing Director, Michel Denis.
“To date, the depth of our order book and our operational performance allow us to confirm our forecast of revenue growth for the year 2022 of more than 20% compared to 2021. In addition, the impacts of the conflict in Ukraine over the prices of components, steel and energy are too volatile for the group to be able to confirm its anticipation of current operating margin for the year”, adds management.
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