Pause operations: company temporarily curtailing operations while keeping return options open
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Manitou is a French heavy equipment manufacturer that makes forklifts, cherry pickers, telehandlers, and other heavy equipment. Manitou started in France in 1957 when Marcel Braud designed the first forklift truck for use in rough terrain. Its headquarters are in Ancenis.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe group has a subsidiary in Russia. Since March 2022, the sales of this subsidiary have been limitated to the distribution of spare parts. At the date of publication of this report, the group has no customer risks to its activities in these countries and the financial situation of the subsidiary should satisfy its liquidity needs for the whole of 2023.
Manitou Group suspended its shipments of machines to Russia and Belarus from the first days of the conflict (even though the EU sanctions at the time did not prohibit Manitou machines from being exported to Russia).
| LLC "MANITOU VOSTOK" - Moscow region - General Director Umnov M. Yu. - Taxpayer Identification Number 3123148034 |