Significant volumes of telehandlers were behind the 12.5% increase in Manitou European revenues in the first three months of this year to €553 million.
“The excellent momentum observed is driven by our European markets, particularly with rental companies,” comments Michel Denis, president and CEO.
Total Manitou revenue in the first three months of this year increased 8.0% to €648 million. The lion´s share of this was generated in Europe. Revenue in North America declined -14.2% to €100 million in the first quarter. This reflects a toughening of the commercial environment, marked by the impact of customs duties and unfavourable foreign exchange rates.
Overall, though, the first three months of this year were positive for Manitou and machine order intake of €631m was nearly 10% higher than the €574m in the same three months in 2025.
Based on the momentum of the first three months and a robust equipment order book (Q1 2026 €1.2 billion versus €1.1 billion in Q1 2025), Manitou expects revenues to increase by around 5.0% in 2026.
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