Manitou Group's full-year 2013 reveunue was €1.18 billion ($2.4 billion), down 7 percent from 2012.
Manitou Group's full-year 2013 reveunue was €1.18 billion ($2.4 billion), down 7 percent from 2012. The company also reported a fourth-quarter 2013 revenue of €303 million ($409 million), representing a 1 percent decrease compared with the same period in 2012.
Gehl, Manitou’s compact equipment division, reported a fourth-quarter revenue of €58.1 million ($78.5 million), a decrease of 16 percent from the same period in 2012. Order intake grew to 2,361 units, but most deliveries required in 2014. For 2013, the division reported revenue of €242.1 million ($327.2 million), down 1 percent from 2012.
The North American telehandler business ended the year with the highest backlog since 2009. Additionally, the skid steer business is affected by the cost increase linked to the transition to Tier 4 Final engines.
The Industrial Material Handling Division reported a quarterly revenue of €29.5 million ($39.9 million), a decrease of 30 percent from fourth-quarter 2012. For the year, the division reported a revenue growth of 6 percent compared to 2012, focusing its effort on forklift trucks.
The Rough Terrain Handling Division generated a fourth-quarter revenue of €215.2 million ($290.9 million), a 9 percent increase from the same period in 2012. The division saw revenue of €809.7 million ($1.1 billion), down 5 percent from 2012. The company reported strong demand in the access platform business, with weaker demand in the agricultural sector.