Despite an extremely strong finish to quarter four in 2025, Manitou Group 2025 sales fell 3.5% short of its sales in 2024.

In 2025, its cumulative 12-month revenue hit €2,564m.

In quarter four, Manitou’s 2025 revenues hit €721m, representing a 10% rise year on year.

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In addition, its 2025 quarter four order intake for new equipment hit €726m versus €532m in the same period in 2024, representing a significant 36.5% increase versus 2024.

On the back of the this, the material handling expert is anticipating 2026 revenue to increase by around 4% over 2025.

Group revenues

Michel Denis, president and CEO, explained: "In the fourth quarter, the group revenues reached €721m, an increase of 10% compared to the fourth quarter of 2024.

"This performance marks the strongest quarter of the fiscal year. This momentum is primarily driven by the Europe region and highlights the work of our industrial and sales teams. It contrasts, however, with the North America region, which remains penalised by increased customs duties, an uncertain economic environment, and unfavourable exchange rate effects.

“During the same period, commercial activity remained very positive, with order intake reaching €726m - a level not seen since 2022. This growth is shared across all our geographical areas, driven notably by Europe and business with major rental companies. Our order book remains stable and represents approximately six months of activity; a horizon perfectly suited to our customers' needs that confirms the strength of the group's fundamentals. Revenues for the full year 2025 totalled €2,564m, representing a limited annual decline of 3.5%. In a globally bearish market, the group is demonstrating its resilience and strengthening its positions through increased market share across all geographies.”

He added: “In the face of customs challenges, the group is actively deploying mitigation measures. The strong performance of the fourth quarter of 2025 allows us to project a recurring operating income at 5.5% of sales, an improvement over the previous guidance (5.3%)."

Transformation

"We also remain fully committed to the group’s transformation through the implementation of the new 2026-2030 'LIFT' strategic roadmap. We aim to consolidate our growth momentum by capitalising on our innovation capacity, the complementarity of our product and service offerings, and the commitment of our teams worldwide. This strategy is supported by a new operational structure organised around three geographical zones, backed by global and corporate functions, as well as a new organisation of our executive committee. By capitalising on the strength of our order book and the impetus of our new governance, we anticipate revenue growth of approximately 4% compared to 2025, subject to a stable macroeconomic and geopolitical context. This momentum will be primarily supported by an increase in volumes in Europe and by an adjustment of our price lists in North America, aimed at partially offsetting the impact of increased customs duties.”