Manitou has announced fourth-quarter 2023 sales of 814 million euros, up 11%, bringing the 12-month total to 2.87 billion, an increase of 22% (+23% on a comparable basis).

"We are seeing a steady improvement in the fluidity of our supply chain and a gradual return to the operating modes we had before the Covid crises and inflation", says CEO Michel Denis.

Manitou is raising its guidance for operating income before non-recurring items for the past year to over 7% of sales, and is forecasting stable sales for the coming year compared with 2023.

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