Edition:
United States

Manitou BF SA (MANP.PA)

MANP.PA on Paris Stock Exchange

27.62EUR
26 May 2017
Change (% chg)

€-0.12 (-0.43%)
Prev Close
€27.74
Open
€27.74
Day's High
€27.74
Day's Low
€27.21
Volume
11,041
Avg. Vol
19,672
52-wk High
€31.45
52-wk Low
€13.29

Latest Key Developments (Source: Significant Developments)

J.C. Bamford Excavators Limited files a patent infringement claim against Manitou
Tuesday, 23 May 2017 01:27am EDT 

May 23 - MANITOU BF SA ::‍ANNOUNCED ON MONDAY THAT ON MAY 5, J.C. BAMFORD EXCAVATORS LIMITED FILED A CLAIM WITH COURT OF FIRST INSTANCE (TRIBUNAL DE GRANDE INSTANCE) OF PARIS ALLEGING INFRINGEMENT BY MANITOU BF OF TWO EUROPEAN PATENTS​.PATENTS REGARDING CERTAIN FEATURES RELATED TO THE CONTROL SYSTEM OF THE OVERLOAD CUT-OFF OF CERTAIN TELEHANDLERS COMMERCIALIZED IN THE EUROPEAN UNION.‍ON MAY 8, SAME PLAINTIFF FILED A CLAIM BASED ON SIMILAR ALLEGATIONS WITH HIGH COURT OF JUSTICE - CHANCERY DIVISION IN LONDON AGAINST MANITOU BF AND ITS SUBSIDIARY MANITOU UK LIMITED.‍FINANCIALLY, PLAINTIFF IS SEEKING PRELIMINARY DAMAGES (SUBJECT TO FURTHER EVALUATION) IN AMOUNT OF EUR 20 MLN BEFORE FRENCH COURT​.‍PLAINTIFF DOES NOT SPECIFY AMOUNT CLAIMED BEFORE ENGLISH COURT.‍FOR PROCEDURAL PURPOSES, COMMERCIAL VALUE OF CLAIM BEFORE ENGLISH COURT IS ESTIMATED TO BE IN EXCESS OF GBP 10 MLN.‍A PRELIMINARY PROCEDURAL HEARING IN SCHEDULED IN FRANCE FOR 29 JUNE 2017.A PRELIMINARY DEFENSE STATEMENT WILL BE FILED BY MANITOU BF AND MANITOU UK LIMITED WITH ENGLISH COURT IN JUNE, 2017.FIRST PROCEDURAL HEARING IN ENGLAND IS EXPECTED IN AUTUMN 2017​​​.  Full Article

Manitou finalizes acquisition of Terex Equipment Private Limited in India
Tuesday, 9 May 2017 01:13am EDT 

May 9 - MANITOU BF ::ANNOUNCED ON MONDAY FINALIZATION OF ACQUISITION OF TEREX EQUIPMENT PRIVATE LIMITED IN INDIA.  Full Article

Manitou Q1 sales up at 380 million euros
Thursday, 20 Apr 2017 01:18pm EDT 

April 20 (Reuters) - Manitou BF SA ::Q1 sales 380 million euros ($408 million) versus 312 million euros year ago.Anticipates increase in sales 2017 of 7 to 10 percent.Anticipates 2017 improved recurring operating income of 50 to 70 bp relative to 2016.  Full Article

Manitou BF to acquire Terex Equipment Private Limited in India
Monday, 27 Mar 2017 05:03am EDT 

Manitou BF SA : Announced on Sunday the acquisition of Terex Equipment Private Limited in India .Acquisition to be finalised over 2017 first semester.  Full Article

Manitou BF FY net income group share rises to 42.9 million euros
Wednesday, 1 Mar 2017 12:25pm EST 

Manitou BF SA : FY sales revenue of 1,332 million euros ($1.41 billion) growing at a rate of +3.5 pct against 2015 (+5 pct at constant exchange rate) . FY EBITDA of 99 million euros (7.4 pct) against 90 million euros in 2015 . Dividend to be proposed at the upcoming shareholders’ meeting of 0.43 euro per share . Anticipates for 2017 a growth in sales of approximately +5 pct to +7 pct compared to 2016 . FY net income group share 42.9 million euros, up 33 percent yoy .Anticipates for 2017 an increase in the order book and in purchase prices, a growth in our recurring operating income of approximately 50 basis points.  Full Article

Manitou Q4 sales down 3 pct to 323.0 million euros
Thursday, 26 Jan 2017 12:10pm EST 

Manitou BF SA : Q4 sales 323.0 million euros ($344.67 million) versus 333.0 million euros year ago . Q4 2016 order book of 341 million euros versus 299 million euros in Q4 2015 .Anticipation of 2017 sales growth of around 3 pct.  Full Article

Manitou extends its financing for 180 million euros
Tuesday, 20 Dec 2016 12:20pm EST 

Manitou BF SA : Announces the development and extension of its financing for an amount of 180 million euros ($187.02 million) and a maturity of 5 or even 7 years . This financing complements the various bond and long-term lines of 50 million euros implemented in previous years Further company coverage: [MANP.PA] ($1 = 0.9625 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Manitou buys back 2.8% of its share capital from Toyota Industries
Friday, 29 Jul 2016 02:53am EDT 

Manitou BF SA :Says ​it has signed with Toyota Industries Corporation <6201.T> an agreement relating to the purchase by Manitou BF of a block of 1,120,000 of its own shares at a unit negotiated price of 13.38 euros ($14.83) and representing approximately 2.8% of its share capital.  Full Article

Manitou BF H1 net income group share up at 23 million euros
Wednesday, 27 Jul 2016 01:01pm EDT 

Manitou Bf Sa : H1 sales 689.3 million euros ($757.40 million), up 1 pct . Q2 order backlog of 304 million euros versus 281 million euros year ago . H1 net income group share 23 million euros versus 17.0 million euros year ago . Confirmation of the outlook for an increase in sales of 2 percent . H1 EBITDA 53 million euros versus 47.0 million euros year ago .Outlook for an improved recurring operating income of approximately 50 basis points.  Full Article

Manitou Bf confirms 2016 outlook and proposes dividend
Wednesday, 2 Mar 2016 12:58pm EST 

Manitou Bf SA:Confirms 2016 outlook for an increase in sales of approximately 2 pct‍​.Confirms 2016 outlook of an improved recurring operating income of approximately 50 basis points.Dividend to be proposed of 0.36 euro per share.  Full Article

More From Around the Web