21.12.2020

Manitou upbeat

French telehandler and aerial lift manufacturer Manitou is holding a shareholders meeting today and has issued an upbeat trading statement/forecast for 2021.

The company is proposing a further dividend of €0.50 per share and to confirm the appointment of Alexandra Matzneff as a non-executive director.
Please register to see all images

Alexandra Matzneff

Outlook for 2020
The statement said: “On the basis of the latest information available to the company, the commercial and financial performance anticipated by the company for the year 2020 looks more dynamic than initially expected. This will lead the group to slightly exceed its previously estimated 2020 revenue expectation of €1.55 billion, and to deliver a current operating income of around 5.5 percent of sales revenues.”

Chief executive Michel Denis added: "In a period of high volatility, the group has managed to adapt with agility to the difficulties of 2020, nevertheless strong uncertainties remain about the evolution of the economic environment in the short term.”