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 ...
  • 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

...

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...

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

...

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...

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

...

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 (+...

Emmanuel Matot

Manitou : Tout va toujours très bien

>Excellente activité sur la fin de l’année 2018 - Manitou a publié hier soir son CA T4. Il s’établit à 523 M€, un niveau supérieur aux attentes (Oddo BHF/consensus = 509/487 M€) et faisant ressortir une croissance organique très soutenue (+22%). Tous les débouchés (notamment la construction) et toutes les zones géographiques (notamment les Amériques et l’Europe du Nord) affichent une dynamique soutenue, à l’exception de l’Asie-Pacifique.L’autre bonne nouvelle con...

Emmanuel Matot

Manitou : The environment remains favourable

>Further strong sales momentum in Q3 - Manitou reported yesterday evening its Q3 sales. Sales stood at € 419m, close to our expectations (€ 425m), implying 19% organic growth, in line with H1 (+18%).The order intake likewise remained positive over the quarter (+11% on a reported basis), allowing the order book to be almost maintained this summer.Sales remained on a positive trend, which is true for all markets (construction and industry) and all regions (esp...

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 ...
  • 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

...

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

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

...

MANITOU sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MANITOU (FR), a company active in the Commercial Vehicles & Trucks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 11, 2019, the closing price was EUR 24.65 and its potential was estimated at EUR 27.55.

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

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. ...

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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