Michel Denis, president and chief executive officer, stated, “The group closed the year with an 18% increase in turnover compared to 2020. It is thanks to the commitment of all the teams that this performance has been achieved in a context of increased tensions on the supply chain. All sectors, markets and customers also contributed to a strong acceleration in demand. In Q4, order intake reached a new high, as did the orderbook with an all-time high of $3.4 billion. The industrial organizations are designed to meet the demand of our customers in an environment of supply chain pressures and price inflation. In view of these factors, the group expects its turnover to grow by more than 20% compared to 2021.”

manitou FY21

The Product Division (combining the former MHA and CEP divisions) achieved quarterly sales of $434.1 million, up 8% on 4Q20 and 19% year-over-year.

With revenues of $103.4 million, the Services & Solutions Division (S&S) recorded a 16% increase in activity compared to 4Q20 and 13% over 12 months (+13% at constant exchange rates and scope). All of the division's activities recorded sustained growth rates in line with their own market dynamics