Manitou BF SA

MTU

Equity

ISIN FR0000038606 / Valor 506475

Euronext - Euronext Paris (2025-10-21)

EUR 17.14+0.82%

Manitou BF SA
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About company

Manitou BF SA is a leading manufacturer of material handling equipment, specializing in MEWPS (Mobile Elevated Work Platforms) and telehandlers for construction professionals. The company's product range includes electric articulated aerial platforms and rotary telehandlers, with lifting heights ranging from 8 to 28 meters. With a strong focus on innovation, Manitou has a long history of success in the industry, with products manufactured in France and Italy. In addition to the Manitou brand, the group also includes Gehl and Mustang by Manitou, further expanding its reach in the market.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Decrease

For H1 2025, Manitou BF SA achieved net sales of €1,275 million, marking a 9.4% decline compared to H1 2024. In Q2 2025, revenues stood at €675 million, a decrease of 6.5% versus Q2 2024.

Order Intake Growth

In Q2 2025, the company’s order intake on equipment surged to €450 million, significantly up from €86 million in Q2 2024. The end-of-quarter order book was €1,045 million, down from €1,344 million in the same period last year.

Operating Income Reduction

Recurring operating income for H1 2025 was €64.9 million (5.1% of revenue), down from €127.5 million (9.1%) in H1 2024. Additionally, EBITDA restated from IFRS 16 was €98.8 million (7.7%) compared to €159.8 million (11.4%) in the previous year.

Decline in Net Income

Net income for the first half of 2025 decreased to €32.7 million from €81.8 million in H1 2024, reflecting a significant drop of 60.0% year-over-year.

Net Debt Reduction

Manitou BF SA successfully reduced its net debt to €299 million by the end of Q2 2025, a decrease of €71 million compared to December 31, 2024. The company’s gearing ratio improved to 32%, and leverage stood at 1.49.

Future Outlook

The company anticipates stable 2025 revenues compared to 2024 and expects a recurring operating profit margin of approximately 5.5% of revenue. However, recent U.S. tariff announcements may lead to significant and unpredictable market changes.

Summarized from source with an LLMView Source

Key figures

0.82%1Y

-14.7%3Y

0.94%5Y

Performance

40.0%1Y

35.3%3Y

36.9%5Y

Volatility