on MANITOU (EPA:MTU)
Manitou's First Half 2025 Financial Results Revealed
Manitou Group reported 2025 first-half net sales of €1,275 million, a 9.4% decrease compared to H1 2024. The decline reflects market challenges, affecting key sectors, particularly rental companies. Quarterly revenues for Q2 2025 were €675 million, down 6.5% from Q2 2024. Despite these decreases, order intake saw a substantial rise to €450 million, compared to €86 million in Q2 2024.
The recurring operating income for H1 2025 reached €64.9 million, a notable drop from €127.5 million in H1 2024, affected by reduced activity and pricing pressures. Net income also fell by 60%, reaching €32.7 million, while EBITDA decreased to €98.8 million from €159.8 million.
Manitou is optimistic about 2025, anticipating stable revenues compared to 2024, with a recurring operating profit margin of 5.5%. The company's strategic focus includes a pivot to sustainable solutions, advancing electrification within its industrial product range.
R. E.
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