Manitou gained 5% after reporting net income (group share) of €143.4 million for the past year, up from €54.7 million in 2022, as well as operating income before non-recurring items of €211.6 million, more than doubling its margin to 7.4%.

The materials handling equipment supplier saw its EBITDA double to 260 million euros, on sales that rose by 22% to an all-time high of 2.87 billion euros (+23% on a comparable basis).

Manitou is proposing a dividend of 1.35 euros per share for 2023, and anticipates stable sales in 2024 compared with 2023, as well as a current operating income rate in excess of 6.5% of sales.

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