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Manitou (MTU) investor relations material
Manitou Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenues reached €568m, a 4% decrease compared to Q3 2024, with cumulative 9-month revenues at €1,842m, down 8% year-over-year.
Order intake for Q3 2025 surged 70% year-over-year to €429m, while the order book at quarter-end stood at €1,009m, slightly below the prior year.
The group demonstrated resilience in most geographic areas despite a market downturn, adverse tariff and exchange rate impacts, and overall market contraction.
Market share increased despite overall market contraction, with strong momentum in Europe but a slowdown in North America.
Financial highlights
Product division Q3 revenues fell 5% year-over-year to €465m; 9-month revenues declined 10%.
Services & Solutions division Q3 revenues decreased 2% to €102m, but 9-month revenues rose 2%.
Americas region Q3 revenues dropped 23% year-over-year, while APAM region grew 8%.
Southern Europe remained flat in Q3, while Northern Europe grew 2%.
Outlook and guidance
2025 revenues are expected to decline by around 4% compared to 2024.
Recurring operating profit is anticipated at 5.3% of revenues.
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