Manitou hit by uncertainties in agricultural sector

News Story
- 30 Jul 2009 ( #421 ) - Ancenis, France
1 min read
Manitou Group's consolidated sales for the six months to 30 June dropped 50.7% to EUR357.8 million (USD502.1 million).

Gehl, which Manitou acquired in October 2008, contributed EUR36 million (USD50.5 million) to sales. Equipment sales and industrial subcontracting dropped 59% to EUR260 million (USD365.1 million) due to market conditions in the US building sector and the deferral of purchasing decisions in the agricultural sector.

Manitou explains in a press release that delays in billing equipment valued at about EUR5 million (USD7 million) also contributed to lower sales figures. The delays were caused by the migration from an old IT system to a new one in its French production subsidiaries.

Sales of spare parts and accessories (EUR73 million/USD102.5 million) and services (EUR25 million/USD35.1 million) remained stable, "thanks to the service strategy which has been pursued [by Manitou] for several years".

Manitou says its sales for 2009 could drop by 40%-50% due to uncertainties in the agricultural sector. More than 40% of the group's telehandler sales for 2009 are estimated to be from the sector. Also, Gehl's sales forecast has been trimmed due to lower market estimates.
Jungheinrich steps closer to 2017 sales target
Jungheinrich steps closer to 2017 sales target 12 Mar 2015 - Hamburg, Germany - 1 min read
World market advanced in third quarter
World market advanced in third quarter 20 Nov 2014 - Hamburg, Germany - 1 min read
Previously about:
Manitou earns environmental award for telehandler retrofit News Story - 12 Jun 2025 - Paris, France - 1 min read
Manitou creates robotics division News Story - 15 May 2025 - Ancenis, France - 1 min read
Palfinger and Manitou report declining Q1 revenues News Story - 1 May 2025 - Bergheim, Austria - 2 min read
Do you have materials handling news? Submit your news here

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!