Manitou
Logotype for Manitou BF SA

Manitou (MTU) investor relations material

Manitou Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Manitou BF SA
Q4 2025 earnings summary11 Mar, 2026

Executive summary

  • Net sales for FY 2025 reached €2,564m, down 3.5% year-over-year and 2.3% like-for-like, reflecting a slowdown in business activity and intense competition.

  • Order intake on equipment surged 106.5% to €2,181m, with the order book at year-end at €1,121m, up 3.4% from 2024.

  • Recurring operating income declined to €143m (5.6% of sales) from €199m (7.5%) in 2024, impacted by lower volumes, price pressure, and US import duties.

  • Net income group share fell to €68m from €122m in 2024.

  • Net debt decreased 42.7% to €212m, with gearing at 21.8% and leverage at 1.0.

Financial highlights

  • EBITDA (restated from IFRS 16) was €200m (7.8% of sales), down from €262m (9.9%) in 2024, with non-recurring items weighing on results.

  • Gross profit declined 9.6% to €452m, with gross margin at 17.6% versus 18.8% in 2024.

  • Dividend payment proposed at €0.75 per share.

  • Working capital reduced by 22.4% to €687m, reflecting inventory and receivables management.

  • Free cash flow improved to €187m from €114m in 2024.

Outlook and guidance

  • Guidance for 2026 is suspended due to international geopolitical uncertainties and a newly broken-out conflict.

  • The new “LIFT” strategic roadmap targets revenue exceeding €3.8bn, recurring operating income above 7.5% of revenue, and electric machines representing 28% of units sold by 2030.

Strategic rationale for the regional shift
Contribution of Hangcha JV to electrification
Mitigation plans for U.S. customs duty risks
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Manitou earnings date

Logotype for Manitou BF SA
Q1 202623 Apr, 2026
Manitou
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Manitou earnings date

Logotype for Manitou BF SA
Q1 202623 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Explore our global coverage