Manitou BF S.A.

Manitou BF is active on the global market for material handling. Co. divides its activities into three divisions: Rough Terrain Handling (RTH) where Co. assembles and distributes rough terrain handling equipment such as masted forklift trucks and fixed and rotating telescopic forklift trucks; Industrial Material Handling (IMH) where Co. designs and distributes semi-industrial masted forklift trucks; industrial forklift trucks; truck-mounted forklifts; and Compact Equipment (CE) where Co. designs, assembles and distributes skid steer loaders, telescopic forklift trucks, articulated loaders and mini excavators. Co.'s brands include Manitou®, Gehl®, Mustang®, Loc®, Edge®.
  • TickerMTU
  • ISINFR0000038606
  • ExchangeEuronext Paris
  • SectorIndustrial Engineering
  • CountryFrance

Analysts

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 10/18/2019

...

Emmanuel Matot

Manitou : The cyclical downturn continues

>No surprises in Q3 sales - marked slowdown on growth confirmed and order intake continues to fall sharply - Manitou released its Q3 2019 sales figures yesterday evening. Sales came in at € 436m, close to our forecasts (vs ODDO BHF = € 440m) highlighting a marked slowdown in growth (+4% vs +24% in H1).Order intake continued to decline sharply over the period (-29% in Q3 after -23% in Q2 and -34% in Q1), primarily under pressure in the US and Northern Europe and ...

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 18/10/2019

...

Emmanuel Matot

Manitou : Poursuite du retournement de cycle

>CA T3 sans surprise – Violent ralentissement confirmé de la croissance et poursuite de la chute des prises de commandes - Manitou a publié hier soir son CA au titre du T3 19. Il ressort à 436 M€, un niveau proche de nos attentes (vs ODDO BHF = 440 M€e) et mettant en avant un violent ralentissement de la croissance (+4% vs +24% au S1).Les prises de commandes continuent de chuter sur la période (-29% au T3 après -23% au T2 et -34% au T1), sous la pression surtout ...

MarketLine Department

HC Slingsby Plc - Strategy, SWOT and Corporate Finance Report

Summary HC Slingsby Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights HC Slingsby plc (Slingsby) manufactures and distributes industrial and commercial equipment. It carries out the manufacture of equipment used in handling, lifting and incidental purchasing supplies. The company’s portfolio of products find applications in a wide range of sectors such as mater...

Emmanuel Matot

Manitou : The cyclical downturn continues

>No surprises in Q3 sales - marked slowdown on growth confirmed and order intake continues to fall sharply - Manitou released its Q3 2019 sales figures yesterday evening. Sales came in at € 436m, close to our forecasts (vs ODDO BHF = € 440m) highlighting a marked slowdown in growth (+4% vs +24% in H1).Order intake continued to decline sharply over the period (-29% in Q3 after -23% in Q2 and -34% in Q1), primarily under pressure in the US and Northern Europe and ...

Emmanuel Matot

Manitou : Poursuite du retournement de cycle

>CA T3 sans surprise – Violent ralentissement confirmé de la croissance et poursuite de la chute des prises de commandes - Manitou a publié hier soir son CA au titre du T3 19. Il ressort à 436 M€, un niveau proche de nos attentes (vs ODDO BHF = 440 M€e) et mettant en avant un violent ralentissement de la croissance (+4% vs +24% au S1).Les prises de commandes continuent de chuter sur la période (-29% au T3 après -23% au T2 et -34% au T1), sous la pression surtout ...

Emmanuel Matot

Manitou : Micro caught by macro environment – Neutral vs Buy

>Record performances in H1 – growth in sales and the operating margin exceeded expectations - Manitou reported its H1 results yesterday. They hit record levels and topped our estimates with, notably, sales growth of +24% (ODDO BHF = +20% - +25% in Q2 after +22% in Q1) and an operating margin up 100bp to 7.7% (ODDO BHF = 7.4% - leverage from the rise in volumes and prices).Trends were favourable for all of the group’s end-markets (construction, industry and agricu...

Emmanuel Matot

Manitou : La micro se fait rattraper par la macro – Neutre vs Achat

>Performances record au S1 – CA et Mop en progression encore plus forte que prévue - Manitou a publié hier soir ses résultats S1. Ils ressortent sur des niveaux records et supérieurs à nos attentes avec notamment un CA en croissance de +24% (ODDO = +20% - +25% réalisés au T2 après +22% au T1) et une Mop en hausse de 100 pb à 7.7% (ODDO = 7.4% - levier en provenance de la hausse des volumes et des prix).Tous les débouchés sont restés bien orientés (construction, i...

Emmanuel Matot

Manitou : 2019 guidance maintained after excellent Q1 sales

>Q1 sales much better than we expected – further strong growth and delivery times beginning to shorten - Manitou reported its Q1 sales yesterday evening. They showed organic growth of +20% to € 562m, well ahead of our expectations (+13% at € 521m) and with no slowdown in the momentum (as a reminder, 2018 sales = 19%).All divisions, all markets and all zones are in good shape, with the notable exception of Asia-Pacific (-6%) which faced demanding comps (Q1 18 sal...

A director sold 47,984 shares at 32.541EUR and

A director at Manitou sold 47,984 shares at 32.541EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 10/18/2019

...

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 18/10/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/31/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 31/07/2019

...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 04/26/2019

...

MANITOU sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MANITOU (FR), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date August 2, 2019, the closing price was EUR 19.78 and its target price was estimated at EUR 18.79.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

HC Slingsby Plc - Strategy, SWOT and Corporate Finance Report

Summary HC Slingsby Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights HC Slingsby plc (Slingsby) manufactures and distributes industrial and commercial equipment. It carries out the manufacture of equipment used in handling, lifting and incidental purchasing supplies. The company’s portfolio of products find applications in a wide range of sectors such as mater...

MarketLine Department

Haulotte Group SA - Strategy, SWOT and Corporate Finance Report

Summary Haulotte Group SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Haulotte Group SA (Haulotte) is a construction equipment manufacturer. Its products include a range of material lifting equipment, access equipment, telehandlers and scaffolds. The company supplies telescopic booms, scissors lifts, push around, trailer mounted booms, vertical masts and ligh...

MarketLine Department

Anaconda Mining Inc - Strategy, SWOT and Corporate Finance Report

Anaconda Mining Inc - Strategy, SWOT and Corporate Finance Report Summary Anaconda Mining Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Anaconda Mining Inc. (Anaconda) is a mining company. It explores for and develops gold mines. The company operates the Point Rousse Project in the Baie Verte Mining District in Newfoundland. The Point Rousse Project inclu...

MarketLine Department

Anaconda Mining Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Anaconda Mining Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Anaconda Mining Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage...

MarketLine Department

Takeuchi Mfg. Co Ltd - Strategy, SWOT and Corporate Finance Report

Takeuchi Mfg. Co Ltd - Strategy, SWOT and Corporate Finance Report Summary Takeuchi Mfg. Co Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Takeuchi Mfg. Co., Ltd. (Takeuchi) is manufacturer of construction machinery. Its products include standard track, wheel and electric compact excavators, zero swing compact excavators, track loaders and track carriers. ...

Florian Béchaz

Manitou BF - Assemblée Générale des actionnaires du 13 Juin 2019

La communication des rémunérations pourrait être améliorée, notamment concernant les objectifs du bonus annuels et les critères de performances qui manquent de précision. De plus, il est regrettable que le Directeur Général ne soit pas intéressé à la performance long-terme de la société par la mise en place d'une rémunération long-terme. En effet, la société met en oeuvre une rémunération actionnariale mais les conditions de performances de cette dernière sont mesurées sur un an, à l'image du bonus annuel. Toutefois, la société a réalisé des progrès dans la présentation de la politique de ré...

Jehanne Leroy

Proxy Report - 14/06/2018

La société propose en résolution 9 d'approuver les rémunérations 2017 de Michel Denis, son Directeur Général. On regrettera la communication très succincte de la société. En effet, Proxinvest avait annoncé dès début 2017 qu’en l’absence de communication des taux de réalisation de chacun des critères financiers, une recommandation de vote négative serait émise. Dans le cas présent, non seulement la société ne communique pas les taux de réalisation pour chacun des critères, mais elle ne communique pas non plus les critères utilisés. Notons toutefois que si les critères du bonus annuel utilisés s...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

SRI Company Analysis

Geol analyses are ESG (Environment, Social, Governance) analyses covering European large caps and small and mid caps, listed or non-listed. Those analyses, based on the ESG risks identified, show the qualitative and quantitative performance of issuers, in a ten-page synthesis.

Matthieu DRIOL

Short term view - MANITOU : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €23.08, then €21.57. Passing €32.50 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - MANITOU : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 23,08 €, puis 21,57 €. Le franchissement de 32,50 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - MANITOU : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 23,08 €, puis 21,57 €. Le franchissement de 32,50 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - MANITOU : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €23.08, then €21.57. Passing €32.50 would question the continuation of the fall.

Matthieu DRIOL

Analyse moyen terme - MANITOU : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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