Manitou achieves outstanding performance in 2021, with new record in order volume
At the end of January 2022, the global leader in off-road material handling, the French Manitou Group, released its 2021 annual report: In 2021, Manitou Group sales increased by 18% to 1.87 billion euros.
According to year-end financial data, the group achieved revenue of 473 million euros in the last three months of 2021. At the same time, the order volume reached a record high of 3 billion euros.
Michel Denis, President and CEO of Manitou Group, said: "Compared to 2020, the Group's turnover has increased by 18%. This is due to the joint efforts of the company's employees, suppliers and customers. Achievements in overcoming many difficulties such as supply chain tensions.”
In the fourth quarter of 2021, Manitou completed deliveries rose to €1.08 billion from €727 million in the same period last year, and equipment orders rose to €2.9 billion from €918 million in the fourth quarter of 2020. Sales in the Services and Solutions division increased by 16% in the last three months, while sales in the Products division were 382 million euros, an increase of 8% compared to the fourth quarter of 2020.
Manitou Group expects its performance to continue to be strong in 2022, even as supply chain tensions and inflation persist, as business activities across Manitou's divisions achieve consistent growth rates based on market dynamics Increase, achieve 20% growth.
