Manitou Q3 Revenue Up on Strong North American Performance

Manitou Group, including the Gehl and Mustang brands, saw revenues increase 10 percent in the third quarter of 2012 versus third quarter 2011, thanks in large part to North American markets.

The company's compact equipment division generated 39 percent revenue growth over last year's third quarter. Manitou cited refleeting programs by large rental customers and the kickstart of the Yanmar partnership, both in North America, as key reasons.

Manitou Group Key Financials

• Net sales (9 months, YTD): 958.5m euro, up 17%
• Net sales (Q3): 286.3m euro, up 10%
• Net sales, Americas (9 months, YTD): 179.8m euro, up 44%
• Net sales, Americas (Q3): 63.2mil euro, up 45%