Q1 2020 Sales Revenue
● Q1’20 revenues of €421m, -25% vs. Q1’19, -26% like for like*
● Q1’20 order intake on equipment of €400m vs. €363m in Q1’19
● Order book on equipment at the end of Q1’20 at €648 million vs. €884 million in Q1'19
● Impact of the COVID-19 crisis on all activities
First quarter business was suddenly interrupted by the globalization of the COVID-19 crisis, which massively affected the construction sector and, to a lesser extent, the industry. Agricultural demands and service activities remain less impacted due to the greater resilience of these sectors. The year will certainly be very difficult, but I am convinced that the women and men of Manitou will enable the group, thanks to their commitment and responsiveness, to overcome this crisis.
Michel Denis, President & CEO