The Manitou Group has published its 2024 financial results, with the Group’s sales of €2,656m, down 7.5% on 2023 figures. Despite the firm’s gross profit being up 2.6% year-on-year, its operating profit dropped by 6.1%. “The group closes the fiscal year with a financial performance in line with its forecasts, with a recurring operating profit at 7.5% of net sales, increasing in comparison to 2023.
The Manitou Group has published its 2024 financial results, with the Group’s sales of €2,656m, down 7.5% on 2023 figures. Despite the firm’s gross profit being up 2.6% year-on-year, its operating profit dropped by 6.1%.
“The group closes the fiscal year with a financial performance in line with its forecasts, with a recurring operating profit at 7.5% of net sales, increasing in comparison to 2023.
"This performance is the result of all the industrial, commercial and financial actions carried out throughout the year, despite a 7.5% decrease in revenue and significant disparities across sites and geographic areas”, said Michel Denis, president and chief executive officer.
“Indeed, the group dynamically and reactively adjusted its organisation to adapt to the competitive, economic and geopolitical context of the second half year, marked by a decline in activity volume compared to 2023,” he added.
“Considering the competitive pressure and market momentum, we anticipate stable revenue for 2025 and a recurring operating profit of around 5.5% of net sales.
"This outlook is consistent with the less robust activity observed in the second half of 2024 and could evolve, particularly due to uncertainties related to geopolitical events,” he concluded.
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