Business description: Manitou Group

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%).

Sales by Activity: Manitou Group

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Products Division

1.53B 1.97B 2.47B 2.25B 2.14B

Services & Solutions (S&S) Division

340M 390M 399M 409M 420M

Geographical breakdown of sales: Manitou Group

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Southern Europe

602M 830M 971M 941M 926M

Northern Europe

750M 862M 1.05B 894M 876M

Americas

335M 436M 599M 565M 504M

Asia, Pacific, Africa, Middle East (APAM)

188M 233M 254M 256M 258M

Executive Committee: Manitou Group

Manager TitleAgeSince
Chief Executive Officer 59 2026-06-24
Director of Finance/CFO - 2024-01-28
Human Resources Officer - 2022-06-30

Composition of the Board of Directors: Manitou Group

Director TitleAgeSince
Director/Board Member 57 2009-11-30
Chairman 55 2026-04-22
Director/Board Member 45 2017-07-23
Director/Board Member 61 2017-07-23
Chairman 74 2026-06-21
Director/Board Member 44 2020-11-08
Director/Board Member 55 2020-09-09
Director/Board Member 59 2021-06-16
Director/Board Member 51 2023-08-24
Director/Board Member - 2026-04-22

Shareholders: Manitou Group

NameStocks%Valuation
32.1 %
12,733,556 32.1 % 304 M €
27.4 %
10,869,141 27.4 % 259 M €
Yanmar Holdings Co., Ltd.
6.2 %
2,459,440 6.2 % 59 M €
5.2 %
2,062,757 5.2 % 49 M €
3.5 %
1,388,394 3.5 % 33 M €

Holdings: Manitou Group

NameStocks%Valuation
1,388,3943.5% 33 M $

Company details: Manitou Group

Manitou BF SA

430, rue de l'Aubinière

44158, Ancenis

+33 2 40 09 10 11

http://www.manitou-group.com
address Manitou Group

Group companies: Manitou Group

NameCategory and Sector
Manitou Equipment India Pvt Ltd.
Trucks/Construction/Farm Machinery

Other Heavy Machinery & Vehicles

Change 5-day change 1-year change 3-year change Capi.($)
-1.11%-5.31%+15.07%+36.19% 61.77B
-0.67%-5.10%+34.56%+57.43% 40.39B
-1.72%-0.66%+17.00%+30.21% 38.61B
-1.60%-0.79%+25.61%+17.86% 29.98B
-1.22%-1.61%+50.16%+15.40% 20.12B
0.00%+4.24%+29.14%+78.85% 19.56B
-1.82%-2.82%+40.69%+62.53% 16.68B
-0.74%-0.37%+23.96%-0.22% 16.77B
-4.06%-3.25%-16.31%-20.59% 16.58B
Average -1.44%-0.31%+24.43%+30.85% 28.94B
Weighted average by Cap. -1.33%-1.15%+23.58%+33.81%
Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
21.85EUR
Average target price
24.60EUR
Spread / Average Target
+12.59%

Quarterly revenue - Rate of surprise

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