Manitou anticipates revenue growth of more than 20% for 2022 – 10/28/2022 at 12:35

Manitou anticipates revenue growth of more than 20% for 2022 – 10/28/2022 at 12:35

(AOF) – A company specializing in handling, lifting people and earthworks, Manitou Group has unveiled third-quarter 2022 revenue of 575 million euros, up 33% compared to third quarter 2021 For 2022, the group confirms “its anticipation of revenue growth of more than 20% compared to 2021, as well as an operating margin close to that of the first half.”

Michel Denis, Chief Executive Officer of the group declared: “The 33% increase in turnover for the third quarter of 2022 compared to the third quarter of 2021 is the result of our ability to accelerate our deliveries in a supply chain context which is still as tight and uncertain. The increase in our order book and inflation are pushing customers to anticipate their orders in order to secure their future supplies. Given the depth of our order book, the sales price increases implemented will only take full effect after 2022.”

In addition, Manitou BF this week launched a new generation of mid-height construction telehandlers developed on the basis of a common platform; a range of four all-terrain electric boom lifts; its first compact electric telehandler and its first high-rise electric rotary telehandler.

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Great prospects with green hydrogen for the electricity sector

The French hydrogen plan of 7 billion euros, which has been increased to 9 billion, aims to develop an industrial sector for the production of low-carbon hydrogen. Gimélec, the group of companies in the digital electronics sector in France, has identified strong benefits for manufacturers of electrical equipment. For its members, the economic benefits are estimated at 10 billion euros by 2030, then an additional 20 billion for the period 2030 to 2040, mainly for the sector of manufacturers of digital electronic equipment (from transformers to control systems ). This will lead to massive recruitment, in particular in the areas where hydrogen development efforts will be concentrated, in the Mediterranean and in the Seine Valley.

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