Earnings release
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MANITOU GROUP shbalan MANITOU GEHL mustinG MANITOU Manitou Group : Q3 2021 Sales Revenues • Q3 21 revenues of € 432m , + 10 % vs. Q3 20 • Cumulative 9 - month sales of € 1,402m , + 22 % vs. 9 - month sales 20 , + 23 % like for like * • Q3 21 order intake on equipment of € 856m vs. € 301m in Q3 20 • End of Q3 21 order book on equipment at € 2,295m vs. € 544m in Q3 20 , new record • Outlook for annual revenue growth in 2021 of around 15 % compared to 2020 • Expected annual growth in the current operating income rate of around 130 basis points compared to 2020 Ancenis , 21 October 2021 - Michel Denis , President and Chief Executive Officer , stated : " In the third quarter , the group achieved a 10 % increase in turnover compared to Q3 2020. The record order intake momentum we have been experiencing for the past year has been maintained . It concerns all our geographies and markets and projects our backlog at the end of September to a historic level of € 2.3 billion . Over the third quarter , sales were delivered in a context of increased pressure on component availability . Like all manufacturing sectors , the extent of disruptions has worsened significantly in recent weeks . This deteriorated context has led us to adjust our revenue forecast for 2021 to growth of around 15 % compared to 2020. In addition , the annual growth outlook for the current operating income rate is unchanged at around 130 basis points compared to 2020. " Product division S & S Total Sales by division In million of euros Q3 2020 Quarter Q3 2021 9 months ending Sept. 30 Var % 2020 2021 Var % 312 350 12 % 932 1 153 24 % 79 82 3 % 221 248 12 % 391 432 10 % 1 153 1402 22 % Sales by region In million of euros Quarter 9 months ending Sept. 30 Q3 2020 Q3 2021 Var % 2020 2021 Var % Southern Europe 126 131 4 % 400 444 11 % Northern Europe 159 181 14 % 431 572 32 % Americas 69 79 14 % 216 254 17 % APAM 37 41 10 % 105 132 26 % Total 391 432 10 % 1 153 1402 22 % * like for like , at constant scope and exchange rate : scope : there are no acquired or exiting companies in 2020 and 2021 application of the previous year's exchange rate to the current year's aggregates Company information is available at : www.manitou-group.com Shareholder information : communication.financiere@manitou-group.com