The Office Times

Manutan increases turnover

Manutan reports that the sales increased by 4.4% to 774 million euros, driven mostly by organic growth and the acquisition of Kruizinga company in the Netherlands in July 2019.

During the period, operating profit increased by 8.5%, reaching €62.2 million (compared to €57.3 million for the previous financial year).

In this coming year, Manutan said its major challenge is implementation of the investment plan for the extension of storage capacities, and the further deployment of the technological model. It will also remain attentive to external growth opportunities that may arise.

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