Brief: Manitou Q1 Revenue Down At 421 Million Euros

Manitou Bf SA

28/04/2020 18:31

April 28 (Reuters) - Manitou BF SA  MANP.PA :
    * Q1’20 REVENUES OF €421M, -25% VERSUS. Q1’19, -26% LIKE FOR
LIKE
    * Q1’20 ORDER INTAKE ON EQUIPMENT OF €400M VERSUS. €363M IN
Q1'19
    * ORDER BOOK ON EQUIPMENT AT THE END OF Q1’20 AT €648
MILLION
VERSUS. €884 MILLION IN Q1'19
    * IMPACT OF THE COVID-19 CRISIS ON ALL ACTIVITIES
    * COVID-19 CRISIS LED THE GROUP TO SHUT DOWN PRODUCTION
ACTIVITIES
IN FRANCE, ITALY AND THEN INDIA IN MID-MARCH
    * FRENCH AND ITALIAN INDUSTRIAL OPERATIONS WERE VERY
GRADUALLY
REACTIVATED IN MID-APRIL
    * IMPLEMENTATION OF NEW MEASURES AND RESTARTING OF SUPPLY
CHAIN
SHOULD IMPACT INDUSTRIAL PERFORMANCE FOR MANY MONTHS TO COME

Source text: https://bit.ly/3bMwc3G
Further company coverage:  MANP.PA 

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