Hiab expands spare parts portfolio

Hiab, part of Cargotec, expands its spare parts offering so every customer finds a solution tailored to their needs, with the introduction of Red Parts and Exchange Parts to complement Original Parts.

Manitou Recorded an 3% Sales Revenues Increase in Q1 2024

Q1’24 revenues of €685m, +3% vs. Q1’23, +3% like for like(1)
Q1’24 order intake on equipment of €186m vs. €455m in Q1’23
End of Q1’24 order book(2) on equipment at €1,878m vs. €3,414m in Q1’23
Confirmation of expectation of stable revenue in 2024 compared with 2023
Confirmation of expectation of recurring operating profit for 2024 to be over 6.5% of revenues

SSAB and Manitou Group agree on fossil-free steel

Manitou Group announces the signature of a letter of intent with the Nordic steelmaker SSAB for deliveries of fossil-free steel. Deliveries are set to start in 2026 and ramp up as SSAB’s fossil-free steel production capacity increases. This agreement meets the ambitions of the two companies to significantly reduce their direct and indirect carbon emissions.