03/03/20
2019 annual results
The board of directors of Manitou BF, meeting on this day, approved the accounts for 2019.
● Sales revenue of €2 094 million growing at a rate of +11% against 2018 (+10% like for like*)
● Recurring operating income at €149 million (7.1% of net sales) against €129 million (6.9%) in 2018
● EBITDA (1) of €186 million** (8.9%) against €162 million in 2018
● Net income group share of €96 million vs. €84 million in 2018
● Net debt** at €190 million, gearing(2) of 29 %
● Dividend to be proposed at the upcoming Shareholders’ meeting of € 0,78 per share
● Anticipation of a decrease in sales for 2020 of around -10% compared to 2019
● Anticipation for 2020 of current operating income rate of around 6% of net sales, excluding the effect of the coronavirus
With a revenue of more than €2 billion and a net profit of €96 million, Manitou Group ended the 2019 financial year on an all-time high.
Michel Denis, President & CEO