THE MATERIAL-HANDLING REFERENCE - Manitou Groupe
THE MATERIAL-HANDLING REFERENCE - Manitou Groupe
THE MATERIAL-HANDLING REFERENCE - Manitou Groupe
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coMpact equipMent division sales By geographical region<br />
10%<br />
Rest of the world<br />
63%<br />
Americas<br />
1%<br />
France<br />
2010<br />
27%<br />
Europe<br />
2.1.2 sales By Business<br />
sector<br />
The Group designs, assembles and distributes products aimed at the<br />
construction, agriculture and industrial markets.<br />
– in the construction sector, the market experienced a significant upturn<br />
as a result of an end to destocking by dealers and the reselling of surplus<br />
equipment by leasing companies. In spite of this technical improvement,<br />
underlying construction markets remained flat throughout the year. The<br />
residential sector showed no signs of any improvement across all continents,<br />
with the exception of Germany and Scandinavia in the second half of the<br />
year. After generating no business for the Group in 2009, leasing companies<br />
began to restock their fleets. Those orders, which bore no comparison<br />
to previous levels of business seen in 2007-2008, accounted for 4% of<br />
consolidated sales.<br />
2010 sales in the construction market represented 45% of total consolidated<br />
sales as compared to 42% in 2009.<br />
9%<br />
Rest of the world<br />
60%<br />
Americas<br />
1%<br />
France<br />
2009<br />
MANAGEMENT REPORT<br />
31%<br />
Europe<br />
– in the agricultural sector, demand gradually improved, driven by<br />
equipment renewals, an improvement in milk prices in Europe and the United<br />
States, and a return to improved access to borrowing in Eastern Europe,<br />
the Ukraine and Russia. With its end user markets much more focused on<br />
breeding and milk, the Group saw little benefit from soaring grain prices,<br />
which triggered an increase in the price of supplies for breeders.<br />
2010 sales in the agricultural sector represented 31% of total consolidated<br />
sales as compared to 34% in 2009.<br />
– in the industrial sector, where the Group’s presence extends<br />
across businesses as diverse as manufacturing, the wood industry, waste<br />
reprocessing and materials transformation, there was a widespread fall in<br />
investment in capital goods.<br />
The industrial sector accounted for 24% of consolidated sales in 2010,<br />
unchanged relative to 2009.<br />
ANNUAL REpoRt 2010 MANiTOu grOuP<br />
49
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