Manitou BF SA

MTU

Equity

ISIN FR0000038606 / Valor 506475

Euronext - Euronext Paris (2024-12-23)

EUR 16.18+1.51%

Manitou BF SA
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About company

Manitou BF SA is a leading manufacturer of material handling equipment, specializing in MEWPS (Mobile Elevated Work Platforms) and telehandlers for construction professionals. The company's product range includes electric articulated aerial platforms and rotary telehandlers, with lifting heights ranging from 8 to 28 meters. With a strong focus on innovation, Manitou has a long history of success in the industry, with products manufactured in France and Italy. In addition to the Manitou brand, the group also includes Gehl and Mustang by Manitou, further expanding its reach in the market.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Manitou BF SA reported a significant increase in net revenue for the fourth quarter of 2023, reaching €2,871 million. This marks a notable growth compared to the previous quarters, driven by strong performance across various segments and geographical markets.

Net Profit

For the fourth quarter of 2023, Manitou BF SA achieved a net profit of €259.7 million. This positive outcome reflects the company's effective cost management strategies and successful market expansion efforts.

Investment in Operations

Manitou BF SA invested €126 million in recurring operating income during the fourth quarter of 2023. These investments were primarily directed towards enhancing production capabilities and expanding the product range to meet increasing market demand.

Debt Management

As of the end of the fourth quarter of 2023, Manitou BF SA reported a net debt of €389 million. The company has taken measures to strengthen its liquidity, including securing an additional credit line of €160 million to support ongoing growth and ensure financial stability.

Outlook for 2024

Looking ahead to 2024, Manitou BF SA anticipates stable business performance despite potential slowdowns in the European market. The company expects positive momentum from the North American market and increased production output due to recent industrial investments.

Summarized from source with an LLMView Source

Key figures

-28.9%1Y

-41.4%3Y

-23.5%5Y

Performance

34.8%1Y

35.6%3Y

37.9%5Y

Volatility