MANITOU (EPA:MTU) - Manitou: Q3 2018 Sales Revenues

Transparency directive : regulatory news

18/10/2018 17:54

Manitou: Q3 2018 Sales Revenues

- Q3'18 revenues of EUR419m*, +18% vs. Q3'17, + 19% like for like**
- Cumulative 9-month sales of EUR1,360m*, +17% vs. Q3'17, +19% like for like
- Q3'18 order intake on equipment of EUR346m vs. EUR311m in Q3'17
- End of Q3'18 order book on equipment at EUR825m vs. EUR526m in Q3'17

/Ancenis, 18 October 2018 - Michel Denis, President and Chief Executive
Officer, stated: "In markets that remain buoyant, the group is continuing to
expand in all sectors and most geographies. The successes of new products and
services and the penetration of new markets reinforce this growth.

The industrial sites continued to accelerate their production rates with a good
control of the operational chain in a context of supply constraints. In the
United States, the scarcity of manpower and the impacts of the entry into force
of the new customs tariffs make the conditions of activity more expensive.

In this context, I am pleased that this growth is accompanied by strong job
creation at all our sites.

Order intake increased by more than 10% compared to Q3 2017, which was already
very good. As a result, our order book remains at a high level and close to the
level we had at the end of June.

The depth of our portfolio allows us to confirm our outlook for revenue growth
for 2018 of more than 15% compared to 2017, as well as the improvement in
recurring operating income by more than 80 basis points, or around 6.8% of
revenue."

Sales by division
In million of euros          Quarter            9 months ending Sept.30
                      Q3 2017    Q3 2018   %      2017     2018       %

MHA                       232        277  19%      795      930     17%
CEP                        59         74  26%      176      226     28%
S&S                        63         68   8%      188      204      9%
Total                     354        419  18%    1 159    1 360     17%

Sales by region
In million of euros          Quarter            9 months ending Sept.30
                      Q3 2017    Q3 2018   %      2017     2018       %

Southern Europe            94        117  25%      386      418       8%
Northern Europe           152        177  17%      438      547      25%
Americas                   67         79  18%      213      248      16%
APAM                       42         45   9%      123      147      20%
Total                     354        419  18%    1 159    1 360      17%

*IFRS 15 applied from January 1st, 2018, without 2017 restatement (prospective
method)
** at constant scope, accounting standard and exchange rate:
- For 2017 acquisitions (Manitou Equipment India in May 2017 and LiftRite at
  the end of July 2017), subtraction of their contribution, from January 1st of
  the current year, to the anniversary month of their acquisition. There is no
  acquisition nor exit in 2018
- Application of IAS 18 on the aggregates of the current year
- Application of the exchange rate of the previous year on the aggregates of
  the current year

/ Business review by division
With third quarter sales of EUR277 million, the Material Handling & Access
Division - (MHA) recorded an increase of +19% compared to Q3 2017 and +17% over
the first nine months of the year (and +19% at constant scope, accounting
standard and exchange rates). The dynamics of the construction, agriculture and
industrial markets remain very buoyant. The division continues, with all its
suppliers, to organize the acceleration of some of its sites in order to
maintain its delivery times.

The Compact Equipment Products Division - (CEP) generated revenue of EUR74
million, an increase of +26% compared to Q3 2017 and +28% over nine months
(+28% at constant scope, accounting standard and exchange rates). With a
favourable outlook, including with rental companies, the division continues to
accelerate by having to deal with labour tensions, supply chain tensions and
the impact of customs tariff increases.

With revenues of EUR68 million, the Services & Solutions Division - (S&S)
recorded an increase in its revenue of +8% compared to Q3 2017 (+8% at constant
scope, accounting standard and exchange rates). The division continues to
develop its spare parts and attachments activities, while accelerating its
progress in service activities.

FORTHCOMING EVENTS

                         ISIN code: FR0000038606
Indices: CAC ALL SHARES, CAC ALL-TRADABLE, CAC IND. ENGIN., CAC INDUSTRIALS,
      CAC MID&SMALL, CAC SMALL EN FAMILY BUSINESS, ENT PEA-PME 150

January 30, 2019 (after market closing)
Q4'18 Sales Revenues

Manitou Group, a world leader in rough-terrain handling, designs, produces,
distributes and ensures services equipment for construction, agriculture and
industries.

The group's product lines include fixed, rotating and heavy tonnage
rough-terrain telehandlers, rough-terrain, semi-industrial and industrial
masted forklifts, skid-steer loaders on wheels or tracks, articulated loaders,
backhoe loaders, aerial work platforms, truck-mounted forklifts, warehousing
equipment and attachments.

Through its iconic brands - Manitou, Gehl and Mustang by Manitou - and its
network of 1,500 dealers worldwide, the Group offers the best solutions by
creating optimum value for its customers.

Headquartered in France, the group recorded revenue of 1.6 billion euros across
140 countries in 2017, and it employs 4,200 people, all committed to satisfying
customers.

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MANITOU (EPA:MTU) - Manitou: Q3 2018 Sales Revenues

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