| Manitou group |
- Q4 24 revenues of €657m, -19% vs. Q4 23
|
- Cumulative 12-month sales of €2,657m , -7% vs. 12-month sales 23, -8% like for like(1)
|
- Q4 24 order intake on equipment of €532m vs. €269m in Q4 23
|
- End of Q4 24 order book(2) on equipment at €1,083m vs. €2,275m in Q4 23
|
- Confirmation of expected recurring operating profit in 2024 above 7% of revenues
|
- Expectation of stable revenue in 2025 compared with 2024
|
| Michel Denis, President & Chief Executive Officer, stated "The group’s 2024 revenues are in line with its expectations, 7% lower than in 2023. This decline is particularly noticeable in Northern Europe, especially Germany and the Nordic countries. 4th quarter 2024 activity is decreasing compared to 4th quarter 2023, |
| Which had reached a record level, creating an anunfavourablee base effect. |
| For the second consecutive quarter, order intake on equipment has risen to a level not seen since the 3rd quarter of 2022 by the group. This momentum confirms the gradual return of markets to more fluid operating modes. In Northern Europe, however, dealers’ inventory levels are still quite high in some countries. |
| In Northern America, the market recovered during the 4th quarter and this region remains more dynamic for the group. |
| The finalization in 2024 of the implementation of structuring industrial resources and the launch of a new product range in this region should enable the group to take better advantage of the favourable conditions in this territory in 2025. |
| Under these conditions, and subject to the economic or geopolitical context, the group expects stable revenue in 2025 compared ith 2024.” |
| Net sales by division |
| in millions of euros |
Quarter |
Full-year period |
| Q4 2023 |
Q4 2024 |
Var % |
2023 |
2024 |
Var % |
| Product division |
712 |
556 |
-22% |
2,472 |
2,248 |
-9% |
| S&S division |
102 |
101 |
-1% |
399 |
409 |
3% |
| Total |
814 |
657 |
-19% |
2,871 |
2,657 |
-7% |
Net sales by region |
| in millions of euros |
Quarter |
Full-year period |
| Q4 2023 |
Q4 2024 |
Var % |
2023 |
2024 |
Var % |
| Southern Europe |
284 |
238 |
-16% |
971 |
942 |
-3% |
| Northern Europe |
300 |
193 |
-36% |
1,048 |
894 |
-15% |
| Americas |
150 |
155 |
3% |
599 |
565 |
-6% |
| APAM |
78 |
71 |
-10% |
254 |
256 |
1% |
| Total |
814 |
657 |
-19% |
2,871 |
2,657 |
-7% |
|
| For the full document click the link below: |
| Manitou group |
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