Industry pressures hits Manitou revenue

Euan Youdale Editor, Access International

27 April 2022

Manitou has reported a 4% drop in revenue in the first quarter of 2022, compared to the same period in 2021.

The lower revenue figure of €450 million was due to pressures in the market. Michel Denis, president and chief executive officer, said, “This withdrawal is the direct consequence of the health crisis at the beginning of the year and the difficulties in sourcing components, which slowed down deliveries of…

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