French-headquartered Manitou Group has delivered its first half financial results for the year and is forecasting stable revenue for 2025 despite net sales for the period coming in at EUR1.28 billion, a fall of 9.1% for the same period in 2024.

Q2 revenues were reported as being EUR675 million, a drop of 6.5% year-on-year (y-o-y) while Q2 order intake for Q2 25 was EUR450 million.

Manitou president and CEO, Michel Denis, observes: “In a degraded environment, activity in the first half of 2025 shows a decline compared to a particularly dynamic first half of 2024, in line with our expectations”. 

“However, the volume of order intakes is increasing, as well as our market shares, reflecting the commitment of our teams to expand our offer and better meet the needs of our customers. This momentum is particularly visible in Europe, driven by a decrease in interest rates and inflation.”

Manitou’s Q2 25 sales into Southern Europe were EUR235 million, a drop of 9.3% y-o-y while Northern Europe sales were EUR224 million, a fall of 11.2% y-o-y.

Sales in to the Americas in Q2 25 rallied to be EUR148 million, an increase of 3.1% y-o-y.

Manitou’s Product Division in H1 25 reports revenues of EUR1.063 billion, a decrease of 11.6% y-o-y, which the company says is largely attributable to businesses waiting for some market certainty before committing to decisions.

Denis adds the financial performance in H1 was affected by what he describes as a “contraction in activity and increased pressure on selling prices”.

“Our order book represents approximately six months of activity, an adapted horizon to the needs of our clients,” Denis continues. “To date, it allows us to envisage an improvement in performance in the second half of the year.”