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

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

...

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...

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 - 26/04/2019

...

Emmanuel Matot

Manitou : Objectifs 2019 réitérés après un excellent CA T1

>CA T1 sensiblement supérieur à nos attentes – Poursuite d’une forte croissance et début du raccourcissement des délais de livraison - Manitou a publié hier soir son CA T1. Il ressort en croissance organique de 20% à 562 M€, un niveau dépassant sensiblement nos attentes (+13% à 521 M€) et ne mettant en avant aucun ralentissement de la dynamique (rappel CA 18 = +19%).Toutes les divisions, tous les débouchés et toutes les zones sont bien orientés, à l’exception not...

Thanks to a better fundamental star rating, MANITOU sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to MANITOU (FR), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 12, 2019, the closing price was EUR 29.40 and its expected value was estimated at EUR 25.98.

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...

Emmanuel Matot

Manitou : Objectifs 2019 réitérés après un excellent CA T1

>CA T1 sensiblement supérieur à nos attentes – Poursuite d’une forte croissance et début du raccourcissement des délais de livraison - Manitou a publié hier soir son CA T1. Il ressort en croissance organique de 20% à 562 M€, un niveau dépassant sensiblement nos attentes (+13% à 521 M€) et ne mettant en avant aucun ralentissement de la dynamique (rappel CA 18 = +19%).Toutes les divisions, tous les débouchés et toutes les zones sont bien orientés, à l’exception not...

Emmanuel Matot

Manitou : Growth and leverage on the agenda

>2018 results in line with expectations - Manitou yesterday evening reported 2018 results in line with expectations in terms of P&L. Based on very robust sales growth (+18% of which +19% in organic terms – data published at end-January - strong momentum in all outlets and geographic regions outside Asia-Pacific), the underlying operating profit increased by +36% to € 129m (i.e. leverage of +90bp in the underlying operating margin vs guidance = +80bp). No pro...

Emmanuel Matot

Manitou : Croissance et levier au rendez-vous

>Résultats 2018 conformes à nos attentes - Manitou a publié hier soir des résultats 2018 en ligne avec nos attentes au niveau du P&L. Sur la base d’un CA en croissance très soutenue (+18% dont +19% en organique – donnée publiée fin janvier - bonne dynamique de tous les débouchés et zones géographiques hors Asie-Pacifique), le ROC progresse de +36% à 129 M€ (soit un levier de +90 pb sur la MOP courante vs guidance = +80 pb). Aucune provision liée au litige co...

Emmanuel Matot

Manitou : Still faring very well

>Excellent sales at year-end 2018 - Manitou reported its Q4 sales yesterday evening. They came in at € 523m, higher than forecast (Oddo BHF/consensus = € 509m/€ 487m), displaying very brisk organic growth (+22%). All end markets (notably construction) and all geographic regions (notably the Americas and northern Europe) exhibited brisk momentum with the exception of Asia-Pacific.The other good news came from the still very good order intake in the last quarter (+...

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...

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

...

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 - 26/04/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Hela Zarrouk
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/07/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Hela Zarrouk
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/03/2019

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Rémi Adam
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/31/2019

...

Thanks to a better fundamental star rating, MANITOU sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to MANITOU (FR), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 12, 2019, the closing price was EUR 29.40 and its expected value was estimated at EUR 25.98.

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...

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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...

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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. ...

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...

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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