Manitou: 2023 sales up 22%

(CercleFinance.com) - Manitou has announced Q4 2023 sales of E814m, up 11%, bringing the 12-month total to E2.
87bn, up 22% (+23% on a comparable basis).

Management says it is seeing a steady improvement in the fluidity of its supply chain and a gradual return to the operating modes it had before the Covid crises and inflation.

Manitou is raising its guidance for operating income before non-recurring items for the past year to over 7% of sales, and forecasts stable sales for the coming year compared with 2023.


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