Michel Denis, president and CEO of the firm said, “In 2015, the Manitou Group strengthened its operating and financial performance. The recovery of business activity in continental Europe offset the slowdown in the market for rental companies in the USA. Industrial flexibility was further strengthened to adapt to market fluctuations. In 2015, the group continued the launch of new equipment models, introduced new service offerings and improved its position in its markets.”
He added, “Strengthened by these factors, the group achieved its results ahead of its planned roadmap.”
And he concluded, “While confirming its sales growth prospects of around 2% in 2016, the group expects an improved recurring operating income of approximately 50 basis points."
