Economy and dealer stocks hit Manitou revenues

Euan Youdale Editor, Access International

28 October 2024

Manitou has reported a drop in its third quarter results, citing an economic slowdown and large dealer stocks in Europe and North America.

Group nine-month revenues stood at €2,000m, down 3% on the same period in the 2023 financial year, although the company’s Service and Solutions division saw growth.

Order intake was up from €216m in the third quarter last year to €252mm this year, reflecting a more stable environment in comparison to…

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Euan Youdale Editor Tel: +44 (0)1892 786 214 E-mail: [email protected]
Pete Balistrieri Brand Manager - ALH & SA Tel: +1 414 940 9897 E-mail: [email protected]
Ollie Hodges Vice President, Sales - ALH & SA Tel: +44 (0)1892 786253 E-mail: [email protected]
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