Europe drives Manitou Q1 revenue growth

Manitou said it observed ‘excellent momentum’ in the first quarter of 2026, leading to revenue of €648 million, up 8% on the first three months of 2025.

The rise was driven by the markets in Europe, particularly sales to rental companies, and came despite continuing economic, political and tariff-related uncertainty around the world.

Order intake amounted to nearly €631 million over the quarter, an increase of 9.9% compared to the same period in 2025, bringing the total order book to a solid level at €1.2 billion, said the company.

Manitou’s Pruning grapple.

At the same time, the group continued to carry out its Lift roadmap and the electrification of its ranges with the launch of several construction and agricultural telehandlers and the creation of a joint venture with Hangcha dedicated to the production of lithium-ion batteries.

Revenue by region 

In Europe there was very strong growth with gross revenue of €553 million, representing a 12.5% increase, thanks to significant sales of telehandlers. “This trend is accompanied by an increase in market share and allows the group to strengthen its positioning,” said the company.

Revenue in North America dropped by 14.2% to €100 million in the period. The decline reflects a toughening of the commercial environment, marked by the impact of customs duties and unfavourable foreign exchange effects.

The Latin America, Pacific, Asia, Middle East, Africa and Oceania (LAPAM) region reported a 12.9% drop in revenues to €72 million. The region’s performance was impacted by market downturns and increasing competitive environment.

Based on the momentum of the first quarter and the robust order book, the group expects revenue growth for the 2026 fiscal year to be about 5% compared to 2025. Recurring operating profit is also anticipated to reach around 5% of revenue.

Michel Denis, President & CEO, commented, “These outlooks are impacted by higher customs duties, unfavourable trends in raw material prices, and exchange rate fluctuations.

“Nevertheless, achieving these targets remains subject to a volatile environment, characterized by macroeconomic uncertainty, geopolitical shifts, and unstable commodity prices, all of which limit visibility on the annual net result.”