As of June 2025, Manitous Product division sales reported revenues of €1,063 million, a decrease of 11.6% compared to the first half of 2024. According to the manufacturer, this evolution is mainly explained by the wait-and-see attitude of certain market players, particularly rental companies, in an uncertain market environment. The division's gross profit stood at €165.2 million, decreasing compared to a record first half of 2024. It says this decline is explained by reduced activity and increased competitive pressure on selling prices. The firms Q2 revenues of €675 million are down 6.5% vs Q2 2024

Michel Denis, President & CEO, explained, "In a degraded environment, activity in the first half of 2025 shows a decline compared to a particularly dynamic first half of 2024, in line with our expectations. However, the volume of order intakes is increasing, as well as our market shares, reflecting the commitment of our teams to expand our offer and better meet the needs of our customers. This momentum is particularly visible in Europe, driven by a decrease in interest rates and inflation”.

“Our order book represents approximately six months of activity, an adapted horizon to the needs of our clients. To date, it allows us to envisage an improvement in performance in the second half of the year. In this degraded context, the group has strengthened its position in the majority of geographic areas. The anticipated decline in revenue in the first half of the year is particularly noticeable among rental companies. The financial performance for the half-year was affected by the contraction in activity and an increased pressure on selling prices. Thus, the recurring operating profit stands at 5.1% of revenue, down from the record level reached in the first half of 2024”.

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“The group continues to reduce its inventories and its net debt by €71 million. It stood at €299 euros as of June 30, 2025. At present, we believe our ability to offset the first-half activity decline in the second half, thereby achieving stable 2025 revenue compared to 2024. The recurring operating profit is expected to be around 5.5%. However, the U.S. tariff announcement may lead to significant market changes that are difficult to anticipate. We also remain fully committed to the group’s transformation through the implementation of the new 2026-2030 “LIFT” strategic roadmap and to consolidate our growth momentum, by capitalizing on our innovation capacity, the complementarity of our Product and Services offers and the commitment of our teams worldwide”.

“Thus, as part of its strategy to transition to more sustainable handling solutions, the group is actively pursuing the electrification of its range with the first deliveries of 100% electric telehandlers for the construction market, equipped with electric batteries developed in-house by its subsidiary easyLi, acquired in 2023. In addition, in July 2025, the group signed an agreement with its historical partner Hangcha, with a view to creating a joint-venture based in France (Le Mans) dedicated to the manufacturing and distribution of lithium-ion batteries for industrial vehicles."