Manitou
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Manitou (MTU) investor relations material

Manitou Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary29 Oct, 2026

Executive summary

  • 9M 2026 revenue reached €2,069m, up 12.3% reported and 13.0% like for like; Q3 revenue was €642m, up 13.0% reported and 12.0% like for like.

  • Activity was supported by European growth and a North American rebound, while LAPAM remained weaker; FY objectives were reaffirmed amid cost inflation and macroeconomic uncertainty.

Financial highlights

  • 9M revenue increased from €1,842m to €2,069m, with positive volume of €149m, favorable mix and price of €89m, and unfavorable FX of €11m.

  • 9M revenue by activity: machines €1,744m, up 14.1%; spare parts and attachments €256m, up 2.9%; services €69m, up 7.5%.

  • Q3 revenue was €642m versus €568m; machines generated €534m, up 14.7%; spare parts and attachments €84m, up 6.3%; services €24m, up 2.1%.

Outlook and guidance

  • FY 2026 objectives confirmed: revenue growth of 6.5%–8.0% versus 2025 and recurring operating profit margin of 5.3%–5.6%.

  • Q4 activity expected to be good and close to Q4 2025, supported by a five-month order book at September 30, 2026.

  • Priorities include productivity, cost control, pricing responses to inflation, competitiveness, and strengthening North American positioning for a 2027 recovery.

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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.