News service and business centre for materials handlingHOME

Manitou rough-terrain orders drop

Wednesday, 12 Nov 2008 ( #386 ) - Ancenis, France
News Story
Manitou's rough-terrain handling equipment range
Manitou has temporarily shut production units in the wake of a fall in orders for rough-terrain handling equipment due to the downturn of the European construction market. It forecasts a 20% fall in sales during the final quarter of the year.

Despite this downturn, the company’s sales increased by 6.6% for the nine months to 30 September to just over EUR1 billion (USD1.25 billion) and a 3% increase in the most recent quarter.

Manitou reported strong sales growth in France (up by 15%) with other EU countries up 36%.  However, both Spain and the United Kingdom experienced sharp declines in sales – 71% and 33% respectively. Manitou attributes this decline to the countries’ exposure to the property crisis.

Sales of rough-terrain forklifts increased by 6.7% to EUR682 million (USD855 million) and industrial equipment increased by 23.7% to EUR77 million (USD96 million).

However, the company says there have been a large number of requests from distributors and dealers to delay deliveries because of declining financial circumstances. It also reports one-off orders have been temporarily cancelled in Russia and Central Europe.

Manitou anticipates group sales for the rest of 2008 will decline 15% to 20% because of the effects of the economic situation in Europe.

Since the middle of the year, the company has been implementing a cost saving plan to reduce external charges and reduce its temporary staff.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.