Manitou: A very dynamic Q1 2019 in line with our expectations
Ancenis, 25 April 2019 - Michel Denis, President and Chief Executive Officer, stated: "The first quarter was achieved in a context that remained favourable across all markets and geographies. Our customers' requests are still well aligned for the period. The level of order intake in Q1 rebalances the record order intake we achieved in the last quarter of 2018. The continued high production rates have led us to reduce our order book and to linit the impact of anticipating order intake that we had seen in 2018. This trend should continue in the coming quarters, and should allow us to regain a more normative depth of the book of about 3 to 5 months of activity.
I am pleased with this very good start for the year and confirm our outlook for 2019, both in terms of revenue and expected profitability."
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