MANITOU (EPA:MTU) - Manitou Group: Q3 2021 Sales Revenues
Transparency directive : regulatory news
21/10/2021 17:50
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Manitou Group: Q3 2021 Sales Revenues
- Q3 21 revenues of EUR432m, +10% vs. Q3 20
- Cumulative 9-month sales of EUR1,402m, +22% vs. 9-month sales 20, +23% like
for like*
- Q3 21 order intake on equipment of EUR856m vs. EUR301m in Q3 20
- End of Q3 21 order book on equipment at EUR2,295m vs. EUR544m in Q3 20, new
record
- Outlook for annual revenue growth in 2021 of around 15% compared to 2020
- Expected annual growth in the current operating income rate of around 130
basis points compared to 2020
Ancenis, 21 October 2021 - Michel Denis, President and Chief Executive Officer,
stated: "In the third quarter, the group achieved a 10% increase in turnover
compared to Q3 2020. The record order intake momentum we have been experiencing
for the past year has been maintained. It concerns all our geographies and
markets and projects our backlog at the end of September to a historic level of
EUR2.3 billion.
Over the third quarter, sales were delivered in a context of increased pressure
on component availability. Like all manufacturing sectors, the extent of
disruptions has worsened significantly in recent weeks. This deteriorated
context has led us to adjust our revenue forecast for 2021 to growth of around
15% compared to 2020. In addition, the annual growth outlook for the current
operating income rate is unchanged at around 130 basis points compared to
2020."
Sales by division
In million of euros Quarter 9 months ending Sept. 30
Q3 2020 Q3 2021 Var % 2020 2021 Var %
Product division 312 350 12% 932 1 153 24%
S&S 79 82 3% 221 248 12%
Total 391 432 10% 1 153 1 402 22%
Sales by region
In million of euros Quarter 9 months ending Sept. 30
Q3 2020 Q3 2021 Var % 2020 2021 Var %
Southern Europe 126 131 4% 400 444 11%
Northern Europe 159 181 14% 431 572 32%
Americas 69 79 14% 216 254 17%
APAM 37 41 10% 105 132 26%
Total 391 432 10% 1 153 1 402 22%
* like for like, at constant scope and exchange rate:
- scope: there are no acquired or exiting companies in 2020 and 2021
- application of the previous year's exchange rate to the current year's
aggregates
Business review by division
With a third quarter sales of EUR350 million, the Product Division - (grouping
of the former MHA and CEP divisions) recorded an increase of +12% compared to
Q3 2020 and +24% over the first nine months of the year (or +25% at constant
scope and exchange rates). The division is mobilising its teams on industrial
fluidity. Investments in the energy transition have enabled the launch of the
first electric rotating telehandler in the range.
With quarterly revenues of EUR82 million, the Services & Solutions Division -
(S&S) recorded a +3% increase in turnover compared to Q3 2020 and +12% for the
first nine months of the year (+13% at constant scope and exchange rates). The
division supports the sustained needs of its customers required by the high
rate of equipment engagement.
ISIN code: FR0000038606
Indices: CAC ALL SHARES, CAC ALL-TRADABLE, CAC INDUSTRIALS, CAC MID & SMALL,
CAC SMALL, EN FAMILY BUSINESS
FORTHCOMING EVENTS
January 27, 2022 (after market closing)
Q4 2021 Sales Revenues
Manitou Group is a worldwide reference in the handling, access platforms, and
earthmoving. By improving workplace conditions, safety, and performance, our
environment remains renewable and sustainable for mankind.
Through its 3 iconic brands-Manitou, Gehl, and Mustang by Manitou-the group
develops, manufactures, and provides equipment and services for the
construction, agriculture, and industrial markets.
By constantly innovating its products & services, Manitou Group constantly adds
value to exceed its stakeholders' expectations.
Always attuned to its customers via its expert network of over 1,050 dealers,
the group continues to be true to its roots by keeping its headquarters in
France. That focus, which powered sales to EUR1.6 billion in 2020, informs its
talented worldwide team of 4,400 today whose passion ceaselessly motivates the
group.
Warning regarding forward-looking items
This presentation may include forward-looking statements, which are based on
current beliefs, expectations and assumptions, including without limitation
assumptions regarding present and future business strategies and the business
environment in which the Company operates, and involve known and unknown risk,
uncertainties and other factors, which may cause actual results, performances
or achievements, or industry results or other events, to be materially
different from those expressed or implied by such forward-looking statements.
Forward-looking statements speak only as of the date of this presentation and
the Company expressly disclaims any obligation or undertaking to release any
update or revisions to any forward-looking statements that this presentation
may contain to reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking statements are
based. Forward looking statements are for illustrative purposes only.
Recipients of this presentation are cautioned that forward-looking information
and statements are not guarantees nor undertakings of future performances and
are subject to various risks and uncertainties, many of which are difficult to
predict and beyond the control of the Company.