(AOF) – Manitou (-7.29% to 22.90 euros) is in penultimate place on the SRD market this Friday after revealing a turnover for the 1st quarter of 2024 of 685 million euros, in increase of 3%. The lifting equipment specialist reports a sharp drop in its order intake to 186 million euros at the end of the quarter compared to 455 million a year ago. The machine order book fell to 1.87 billion euros compared to 3.14 billion a year ago. “The return to normal of all of our operations has almost been achieved,” declares general manager Michel Denis.
“Our order intake is experiencing the opposite phenomenon to that which we 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”, explains Michel Denis.
“Today, the shortening of delivery times allows them to order within short deadlines, a phenomenon amplified by the low visibility of the markets.”
Manitou confirmed that it anticipates a 2024 current operating profit rate higher than 6.5% of turnover and a stable 2024 turnover.
AOF – LEARN MORE
Learn more about the Capital Goods sector
Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.