In Europe, the ag sector ended the year with "new-found dynamics," but Michel Denis, president and CEO, says his outlook for 2016 is tempered by less positive signals from North America.

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Michel Denis, President & CEO declared: "The revenue for the quarter is nearly the same as last year’s Q4 revenue (-1%).

Yanmar announced today that it has acquired 6.26% of the capital and voting rights of Manitou BF.

Dominique Bamas, CEO stated: "The pause in Q1 revenue resulted from the natural flow of the vacuum in order intake recorded in the third quarter of 2012. It's not representative of current demand which continues to be strong, although remaining volatile. Excluding the impact of the termination of the Toyota contract at the end of 2012 in France, two of our three divisions continued to grow as compared to the first quarter of 2012. So instead of only focusing on revenue, we're happily focusing on our first quarter order intake, which reached its highest level in a year, and we're organizing ourselves accordingly.