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Manitou (MTU) investor relations material
Manitou Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary28 Jan, 2026
Executive summary
Q4 2025 revenue reached €721m, up 10.0% year-over-year, with strong growth in Europe offsetting declines in the Americas and APAM.
Full-year 2025 revenue totaled €2,564m, down 3.5% from 2024, but slightly above the latest estimates due to Q4 momentum.
Q4 2025 order intake hit €726m, up 36.5% from Q4 2024, and the order book at year-end stood at €1,121m, representing about six months of activity.
A new strategic roadmap, LIFT 2030, was launched, shifting to a customer-centric model and reorganizing into three geographic areas.
Growth was primarily driven by Europe, while North America faced challenges from customs duties and exchange rates.
Financial highlights
Q4 2025 revenues grew 10.0% year-over-year, with like-for-like growth at 12.1%.
Q4 2025 Product division revenue rose 10.8% to €615m; S&S division up 5.6% to €107m.
Full-year 2025 sales declined 3.5% year-over-year, with product division down 4.6% to €2,143m and S&S up 2.8% to €420m.
Recurring operating profit is anticipated at 5.5% of revenues, an improvement over previous guidance.
Americas and APAM regions saw revenue declines, while Europe posted strong growth.
Outlook and guidance
2026 revenue is expected to grow by approximately 4% compared to 2025, assuming stable macroeconomic and geopolitical conditions.
Growth will be supported by higher volumes in Europe and price adjustments in North America to offset customs duties.
Strategy to offset North America customs impact
What drives S&S division's stronger resilience?
How will new governance impact 2026 growth?
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Next Manitou earnings date
Q4 202511 Mar, 2026
Manitou
Next Manitou earnings date
Q4 202511 Mar, 2026
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Frequently asked questions
Manitou BF SA is a French company specializing in the design, manufacturing, and distribution of handling, lifting, and earthmoving equipment. Its product range includes telehandlers, forklifts, aerial work platforms, and skid loaders, which are used across industries such as construction, agriculture, mining, and logistics. Manitou’s equipment solutions focus on improving productivity and safety in material handling applications, supported by a global network of dealers and service providers. The company is headquartered in Ancenis, France, and its shares are listed on Euronext Paris.
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