MANITOU (EPA:MTU) - Manitou Group: Shareholders’ Meeting and an improving 2020 outlook

Transparency directive : regulatory news

21/12/2020 08:00

Manitou Group: Shareholders' Meeting and an improving 2020 outlook

Ancenis, December 21, 2020

Shareholders' Meeting

The Manitou Group is holding today a Shareholders' Meeting during which it will
be proposed to pay a EUR0.50 per share dividend to be paid out of reserves and
to appoint Mrs Alexandra Matzneff as an independent director of the group.

Outlook for 2020

On the basis of the latest information available to the company, the commercial
and financial performance anticipated by the company for the year 2020 looks
more dynamic than initially expected. This will lead the group to slightly
exceed its previously estimated 2020 revenue expectation of EUR1.550 million,
and to deliver a current operating income of around 5.5% of sales revenues.

Michel Denis, President & Chief Executive Officer, stated: "In a period of high
volatility, the group has managed to adapt with agility to the difficulties of
2020, nevertheless strong uncertainties remain about the evolution of the
economic environment in the short term".

ISIN code: FR0000038606
Indices: CAC ALL SHARES, CAC ALL-TRADABLE, CAC INDUSTRIALS, CAC MID & SMALL,
CAC SMALL, EN FAMILY BUSINESS

FORTHCOMING EVENTS

January 12, 2021 (after market closing): Presentation of the group's new
roadmap for 2025

January 28, 2021 (after market closing): Q4 2020 and full-year 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, ManitouGroup 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 EUR2.1 billion in 2019, informs its
talented worldwide team of 4,600 whose passion ceaselessly motivates the
group.

Company information is available at: www.manitou-group.com
Shareholder information: communication.financiere@manitou-group.com

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MANITOU (EPA:MTU) - Manitou Group: Shareholders’ Meeting and an improving 2020 outlook

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