French company Manitou recorded a record turnover in 2019 — more than €2 billion.
The company managed to reach this figure for the first time. Manitou also strengthened its global presence and increased its market share. Consumer demand remained high across all divisions in the fourth quarter. Incidentally, in the fourth quarter of 2019, Manitou sold equipment worth €494 million, down 7% compared with the fourth quarter of 2018.
The highest figures in the fourth quarter of 2019 came from the materials-handling machinery and equipment division — €333 million. The compact-equipment division — €81 million, and the services and solutions division — €80 million.
According to the company’s forecasts, global economic-development trends, the consequences of Brexit and the US elections will likely affect sales in 2020. Manitou expects a 10% decline.
