(Boursier.com) — The turnover of Manitou in the 1st quarter recorded growth of 3% compared to the 1st quarter of 2023. It stood at 685 million euros (665 ME a year earlier). This development is taking place in a context of slowing markets.
Machine order intake at the end of the 1st quarter of 2024 is 186 ME (455 ME in the 1st quarter of 2023). The machine order book is 1.878 billion euros at the end of the 1st quarter of 2024 (3.414 billion euros in the 1st quarter of 2023).
On the North American market, the road plan is faced with a greater wait-and-see attitude from customers and a very gradual ramp-up of our operations. Conversely, European markets are proving more dynamic than expected.
“With the elimination of allowances for our customers and the reopening of order taking for all our dealers, the return to normal of all of our operations has almost been achieved. Our order taking is experiencing the opposite phenomenon to that which we have experienced between 2020 and 2022 when the extension of delivery times pushed customers to anticipate their orders in order to secure their future turnover and led us to a backlog of almost two years of activity Today, the. Shortening delivery times allows them to order within short deadlines, a phenomenon amplified by the low visibility of the markets. As a result, our order book now represents around 9 months of activity”, indicates Michel Denis, Managing Director of Manitou.
The manager concludes: “All of these elements allow us to confirm the anticipation of a stable turnover in 2024 compared to that of 2023 and the anticipation of a current operating result above 6, 5% of turnover.
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