In Q3 2021, Manitou Group achieved 10% turnover growth compared with the same period last year.
This is according to Manitou Group’s press office.
“The record pace of incoming orders we saw throughout last year has been maintained. This applies to all the company’s regions of presence and sales markets, bringing us to a new historic order-book level of €2.3 billion as of the end of September”
Michel Denis – President and CEO of Manitou Group
According to him, equipment sales during Q3 took place amid growing component shortages. In the final weeks of the quarter, these disruptions became more pronounced. Given these conditions, Manitou Group adjusted its 2021 revenue growth forecast to 15% compared with 2020.
“The projected annual growth rate for revenue from core operations remains unchanged — approximately 130 basis points versus 2020”
Michel Denis – President and CEO of Manitou Group
Sales at the equipment manufacturing division (which combined the former MHA and CEP divisions) came to €350 million in Q3, up 12% compared with Q3 2020. Growth in this figure over the first 9 months of the year came to 24% compared with the same period in 2020 (or +25% at constant volumes and exchange rates). Investment in electric-drive equipment development allowed the line-up’s first electric telescopic handler with a rotating turret to be launched.
With quarterly revenue of €82 million, the Service and Spare Parts division recorded turnover growth of 3% compared with the third quarter of 2020 and 12% over the first nine months of the year (+1% at constant volumes and exchange rates).
