Manitou: buoyant after annual results

(CercleFinance.com) - Manitou shares are up 5% after reporting net income (group share) of E143.
4m for the past year, up from E54.7m in 2022, as well as operating income before non-recurring items of E211.6m, more than doubling its margin to 7.4%.

The materials handling equipment supplier's EBITDA doubled to E260m, on sales that rose by 22% to an all-time high of E2.87bn (+23% on a comparable basis).

Manitou is proposing a dividend of E1.35 per share for 2023, and anticipates stable sales in 2024 compared with 2023, as well as a current operating margin of over 6.5%.


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