Manitou announces new business plan
By Leila Steed18 January 2021
Access Equipment manufacturer Manitou Group has announced a new four-year business plan that includes a restructuring of its divisions.
Dubbed “New Horizons 2025”, the plan has been described as a “roadmap” that will help the company achieve its goals, which have been impacted by the worldwide pandemic.
The company wants to increase its revenues to over €2.5 billion, bring its operating profits up to over 8% of sales and achieve a recurring EBITDA (earnings before interest, taxes, depreciation and amortization) of more than 10% 0f sales.