French Manitou sees '08 profit down by over 15 pct

Newswire

PARIS, Nov 6 (Reuters) - French maker of forklifts and rough terrain handling equipment Manitou on Thursday forecast lower fourth-quarter sales and said 2008 profit would fall even more than previously thought.

"Given the sharp deterioration in the economic environment in Europe and persisting difficulties in obtaining bank financing in the coming weeks, fourth-quarter 2008 sales could decline by between 15 percent and 20 percent, notwithstanding the size of the order book," the ...

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