Manitou Group’s total sales for the 12 months of 2021 came in at €1,875 million, up 18% compared with sales for the 12 months of 2020.
This is according to the company’s press office.
“Manitou Group’s turnover grew 18% in 2021 compared with 2020. This strong performance, achieved amid heightened supply-chain pressure, was driven by the focus of every department. It was also helped by growing demand for equipment across various market segments. In the fourth quarter of last year, order volume reached a new high, as did the order book, with a record-high figure of nearly €3 billion” – said Michel Denis, President and CEO of Manitou Group.
According to Michel Denis, suppliers are prepared to work under growing pressure on supply chains and rising prices overall, so that the company can meet demand for equipment. Given these factors, Manitou Group expects turnover to grow by more than 20% this year compared with 2021.
The equipment manufacturing division (combining the former MHA and CEP divisions) achieved quarterly sales of €382 million, up 8% from Q4 2020, and improved its results for the year by 19% (or +20% at constant volumes and exchange rates). Work focused on accelerating production rates and managing the supply chain amid minor disruptions.
The service and spare parts division (S&S), with quarterly revenue of €91 million, added 16% over Q4 2020 and 13% over all 12 months (or +13% at constant volumes and exchange rates). All areas of the division’s activity showed steady growth in line with that market’s momentum.
