French materials handling equipment manufacturer Manitou Group, has released its financial results for 2025 where it reports a record order intake for the year but a dip in net sales.

Order intake for 2025 was EUR2.18 billion (USD2.52 billion), a staggering 106.5% year-on-year (y-o-y) increase on 2024.

Net sales were EUR2.56 billion (USD2.95 billion), a drop of 3.4% y-o-y, while recurring operating profit was EUR143 million (USD165 million), down 28.3% y-o-y, which Manitou says reflects “lower volumes, intensified pricing competition, and the year-end impact of U.S. customs duties”.

“In a generally declining and uncertain market environment, the group demonstrated the resilience of its fundamentals,” says Manitou Group president and CEO Michel Denis.

“With revenue of EUR2,564 million (USD2.95 billion), we limited our annual decline to 3.4% thanks to an increase in market share across all our geographies.

“The year was marked by remarkable commercial momentum, with order intake reaching EUR2,181 million (USD2.51 billion) more than double the previous year driven particularly by major rental companies and the Europe zone. 

“Our order book thus stands at EUR1,121 million (USD1.29 billion), providing us with robust visibility for the next two quarters.”