Manitou posts growth in the first nine months of 2026
Solid customer demand and sustained commercial momentum have delivered strong results through the third quarter of 2026, keeping full-year financial targets well on track. Turnover exceeded €2 billion
So far, it has been a year to remember for Manitou, one of the world’s leading manufacturers of telescopic handlers and aerial work platforms. The brand had a solid customer demand and sustained commercial momentum have delivered strong results through the third quarter of 2026, keeping full-year financial targets well on track.
Cumulative 9-month revenue reached €2,069 million, representing a 12.3% increase year-over-year (+13.0% on a like-for-like basis) compared to the same period in 2025. Third-quarter performance provided a significant boost to these figures, generating €642 million in revenue, up 13.0% (+12.0% like for like) over Q3 2025.
A solid year for Manitou
Commercial activity remained vibrant across key segments, driven by robust order volumes. Machine order intake for the first nine months rose 16.4% year-over-year to €1,693 million. This upward trajectory accelerated in the third quarter alone, with machine order intake climbing 19.3% to €512 million. Consequently, the machine order book expanded to €1,051 million as of September 30, 2026, marking a 4.1% increase compared to €1,009 million at the end of Q3 2025.
On the back of these operating results, the full-year 2026 outlook has been fully reconfirmed. Expected full-year revenue growth is projected between +6.5% and +8.0%, alongside a recurring operating profit margin expected to land between 5.3% and 5.6%.
The Board of Directors of Manitou BF, meeting today under the chairmanship of Marcel-Claude Braud, approved the group’s consolidated revenue for the third quarter and the first nine months of 2026.
Ceo’s statement
Sylvain Blaise, President & Chief Executive Officer, stated: “The third quarter of 2026 confirms the very strong commercial trajectory achieved since the beginning of the year, with nine-month revenue up +12.3%. This performance is driven by the continued robustness of our European markets (+13.3% in the third quarter) and by a rebound in deliveries in North America during the third quarter (+43.8% in the third quarter) within a dynamic market.
“The LAPAM region remains impacted by Asian competition and geopolitical tensions in the Middle East. Our fundamentals remain solid, with an order book standing at €1,051 million, providing good visibility for the end of the year. In line with the rollout of our LIFT 2030 plan, we continue to structure our offering with the signing of a strategic global partnership with the Korean group Hyundai Develon Construction Equipment”.
Financial performance, region by region
The Europe region stands out as the group’s main growth driver, posting cumulative revenue of €1,709m at the end of September (+15.6% vs. 2025). In the third quarter alone, regional sales amounted to €512m, up +13.3% compared to Q3 2025. This sustained performance is driven by very dynamic delivery volumes across the telehandler range.
In North America following a first half weighed down by our operating performance, tariff barriers, and adverse foreign exchange effects, North America recorded an acceleration in the third quarter with revenue of €140m, up +43.8% vs. Q3 2025. This significant rebound, in a dynamic market, brought cumulative revenue to €380m, up +5.8% at the end of September.
The LAPAM region – Latin America, Asia-Pacific, Africa and the Middle East – recorded 9 month revenue of €243m, down -6.7% vs. 2025. In a highly competitive market, business nonetheless stabilized significantly in the third quarter with revenue of €88m (-2.7% vs. Q3 2025).
