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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.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.
- H1 2026 saw double-digit revenue growth, margin expansion, and upgraded full-year guidance.MTU
Q2 2026 - Q1 2026 revenue up 8% to €648m, led by Europe, with strong order intake and 2026 growth outlook.MTU
Q1 2026 TU - Sales and profit declined, but order intake surged and electrification initiatives advanced.MTU
Q4 2025 - Q4 2025 revenue up 10% year-over-year; 2026 revenue expected to grow by 4%.MTU
Q4 2025 TU - Q3 2025 revenues dropped 4% year-over-year, but order intake jumped 70% amid market share gains.MTU
Q3 2025 TU - Revenue and profit declined, but order intake and electrification initiatives surged.MTU
Q2 2025 - Q3 2024 revenues dropped 10%, but order intake rebounded and profit margins remain strong.MTU
Q3 2024 TU - Record H1 margins and net income offset by weak order intake and cautious H2 outlook.MTU
H1 2024 - Q1 2025 revenues fell 12% but order intake jumped 209%, supporting a stable 2025 outlook.MTU
Q1 2025 TU
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