Manitou Reports Decline in Q3 2025 Revenues Amid Market Challenges

Manitou Group announces a decrease in its Q3 2025 revenues, reporting €568 million, down 4% compared to Q3 2024. The cumulative nine-month revenues stand at €1,842 million, a decrease of 8% from the same period in 2024. The decline is mainly attributed to challenges in the North American market, influenced by increased customs duties and unfavorable exchange rates. This is contrasted by a robust 70% increase in order intake to €429 million compared to the previous year, signifying high demand in Europe.

Despite these challenges, Manitou projects a slight revenue decline of around 4% for 2025. The group focuses on measures to counteract customs duties' effects and commits to its "LIFT" strategic roadmap for 2026-2030. Q3 saw the Product division's revenues decrease by 5% year-over-year, while the Services & Solutions division showed greater resilience, with only a 2% quarterly decline. Manitou aims for a recurring operating profit of 5.3% of revenues for 2025.