Manitou Reports FY20 Revenues Down 24%

Michel Denis, president and CEO, stated, “The group closes the year 2020 in line with revenues of $1,912.9 million slightly above our expectations and with a record order intake in the last quarter. This sequence of recovery, much stronger than initially anticipated, reflects the tremendous work of the teams and gives the group a new impetus for 2021. In the fourth quarter, customer requests accelerated month after month to end with a magnitude previously unknown…

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