30.10.2026

Upbeat Manitou

French Telehandler and aerial lift manufacturer Manitou has released its third quarter revenue numbers.

Year to Date

Total revenues for the nine months to the end of September were12.3% up on last year at €2.07 billion, bouncing back from an 8% fall this time last year.

The nine month revenues were broken down as follows:

New equipment sales €1.74 billion +14.1%
Parts & Attachments €256 million +2.9%
Services €69 million +7.5%
Total €2.07 billion +12.3%

Geographic breakdown
Europe €1.71 billion +15.6%
North America 380 million +5.8%
Mid East, S. America, Asia Pacific €260 million -6.7%
Total2.07 billion +12.3%

Third quarter

Total revenues for the third quarter increased 13% to €642 million.
Order intake for new equipment improved 19% on the same period last year to €512 million, taking the new machine order book/backlog to €1.05 billion, slightly up on this time last year.

Third quarter revenues were made up as follows:
New equipment sales €534 million +14.7%
Parts/Attachment €84 million +6.3%
Services €24 million +2.1%
Total €642 million +13%

Geographic breakdown
Europe €512 million +13.3%
North America 140 million +43.8%
Mid East, Africa, S. America, Asia Pacific €88 million -2.7%
Total642 million +13%

Full year forecast
The company is now forecasting that full year revenues will come in between 6.5% and 8% above that achieved in 2025. Which equates to between €2.73 and 2.76 billion.

Chief executive Sylvain Blaise said: “The third quarter of 2026 confirms the very strong commercial trajectory achieved since the beginning of the year, driven by the continued robustness of our European markets and a rebound in deliveries in North America."

“During the third quarter, within a dynamic market, the other regions remain impacted by Asian competition and geopolitical tensions in the Middle East. Our fundamentals remain solid, with an order book that provides good visibility for the end of the year.”

"Driven by the momentum of the first nine months of the year and a robust order book, we confirm our guidance for 2026 of revenue growth between 6.5% and 8%, alongside a recurring operating profit margin between 5.3% and 5.6%.”

Vertikal Comment

This is an excellent report from Manitou, with strong growth in Europe and a solid pick-up in North America. North American equipment sales in the third quarter were up 50 percent on the same quarter last year, indicating strong telehandler sales with strong ‘indications’ that it has gained market share.

There is a good chance that the company will exceed its latest forecasts, taking it even closer to a €3 billion year.

A very positive result.