Manitou BF (FR:MTU) has released an update.
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Manitou BF reports a stable first half of 2024 with a slight revenue increase to €1,407M and improvements in profitability as net profit rises to €81.8M from €62.6M last year. The company achieved a record operating income rate of 9.1%, the highest in 15 years, despite a decrease in Q2 machine orders and a significant drop in the order book compared to the previous year. They expect to maintain the revenue stable through 2024 with operating income rates higher than 6.5%.
For further insights into FR:MTU stock, check out TipRanks’ Stock Analysis page.
