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Manitou BF ( (FR:MTU) ) just unveiled an update.
Manitou Group reported a 7% decline in annual revenue for 2024 compared to 2023, primarily due to reduced sales in Northern Europe, notably in Germany and the Nordic countries. Despite a challenging fourth quarter with a 19% revenue drop, the company saw a significant increase in machine order intake, indicating a potential recovery in market activity. The group’s strategic initiatives in North America, including new product launches and industrial improvements, position it to capitalize on favorable market conditions in 2025. The company anticipates stable revenue for 2025, subject to economic or geopolitical changes.
More about Manitou BF
As a global leader in material handling, people lifting, and earthmoving, Manitou Group’s mission is to improve working conditions, safety, and performance worldwide while preserving people and the environment. Through its iconic brands – Manitou and Gehl – the group designs, produces, and distributes equipment and services for construction, agriculture, and industries. By placing innovation at the heart of its development, Manitou Group constantly seeks to bring value to all its stakeholders. With headquarters located in France, Manitou Group recorded a revenue of €2.7 billion in 2024 and brings together 6,000 talents around the world.
YTD Price Performance: 22.92%
Average Trading Volume: 420
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €782.6M
See more data about MTU stock on TipRanks’ Stock Analysis page.
