MANITOU (EPA:MTU) - Cancels & replaces - Manitou Group: update on COVID-19 situation
Transparency directive : regulatory news
26/03/2020 20:45
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Manitou Group: update on COVID-19 situationAncenis, March 26, 2020
In accordance with the general containment obligations decreed in Italy and
India, Manitou Group has temporarily ceased its industrial activities in these
two countries. These shutdowns follow those of the French operations
communicated on March 17, 2020.
In the group's distribution companies, business is also very slow in most
geographical areas due to the globalization of containment policies and market
uncertainty.
Where authorized and when conditions allow this, the group maintains the
distribution of spare parts in order to be able to serve its operating
customers.
The scale and uncertainties of COVID-19 lead Manitou Group to suspend any
financial guidance for the year 2020.
In this context, the Group remains extremely mobilized to deal with all the
consequences of the COVID-19 crisis, with regard to its employees, customers,
operations and all its stakeholders.
ISIN code: FR0000038606
Indices: CAC ALL SHARES, CAC ALL-TRADABLE, CAC INDUSTRIALS, CAC MID&SMALL,
CAC SMALL, EN FAMILY BUSINESS
Manitou Group is a worldwide reference in the handling, access platforms, and
earthmoving. By improving workplace conditions, safety, and performance, our
environment remains renewable and sustainable for man kind.
Through its 3 iconic brands - Manitou, Gehl, and Mustang by Manitou - the group
develops, manufactures, and provides equipment and services for the
construction, agriculture, and industrial markets.
By constantly innovating its products & services, Manitou Group constantly adds
value to exceed its stakeholders' expectations.
Always attuned to its customers via its expert network of over 1,050 dealers,
the group continues to be true to its roots by keeping its headquarters in
France. That focus, which powered sales to EUR2.1 billion in 2019, informs its
talented worldwide team of 4,600 whose passion ceaselessly motivates the group.
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