Manitou: question of context







Photo credit © Manitou

(Boursier.com) — Manitou corrects by 7.5% this Friday to 22.85 euros, while the group’s turnover in the 1st quarter recorded growth of 3% compared to the 1st quarter of 2023, at 685 million euros (665 ME one 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…
“All the 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 profit beyond 6.5% of the turnover. ‘business’ concludes the group. Portzamparc is targeting an MOC of 7.5% and turnover growth of 2.6% by targeting a price of 30 euros (strengthen).


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