Manitou has reported a group share of net income of 68 million euros for 2025, compared to 122 million euros the previous year, along with recurring operating income of 143 million euros. This represents an operating margin of 5.6%, down from 7.5% in 2024.
"This decline compared to the previous fiscal year primarily reflects a contraction in volumes, intensifying competition on selling prices, and the impact of U.S. customs duties at the end of the year," explained CEO Michel Denis.
The material handling equipment provider posted annual revenue of 2,564 million euros, a 3.4% decrease. According to the company, this decline was mitigated by market share gains across all its geographical regions.
"The year was marked by remarkable commercial momentum, with order intake reaching 2,181 million euros—more than double the previous year—driven notably by major rental companies and the European region," Michel Denis added.
The Board of Directors has decided to propose a dividend payment of 0.75 euros per share at the General Meeting on June 11. Manitou stated it is suspending its guidance due to the recently erupted conflict and its potential consequences.
Nevertheless, the company declared it is approaching 2026 "with determination, supported by the rollout of its new LIFT strategic roadmap for 2030," a plan designed to "structure a profound transformation of the organization."
Manitou BF specializes in the manufacturing and marketing of handling, lifting and earthmoving equipment for the construction (63% of net sales), agriculture (26%) and industry (11%) markets. Net sales break down by family of products and services as follows:
- handling and lifting equipment (83.6%): rough-terrain handling equipment (fixed and rotating telehandlers, rough-terrain forklifts and on-board trucks), aerial work platforms, industrial and semi-industrial forklifts, truck-mounted forklifts, rough-terrain forklift trucks, warehousing equipment, skid-steers and track loaders, articulated loaders and backhoe loaders;
- services (16.4%): sale of spare parts and accessories, provision of financing solutions, fleet management, provision of connected machines, extended warranties and maintenance contracts, training services and sale of second-hand equipment.
At the end of 2025, the group had 10 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Southern Europe (36.1%), Northern Europe (34.2%), Americas (19.6%) and Asia/Pacific/Africa/Middle East (10.1%).
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