Palfinger and Manitou report declining Q1 revenues

News Story
- 1 May 2025 ( #1228 ) - Bergheim, Austria
2 min read
Palfinger's revenue dips in Q1
Palfinger's revenue dips in Q1

Austrian crane maker Palfinger AG has recorded revenue for Q1 2025 of EUR552.5 million (627.24 million), a dip of 4.5% on the Q1 2024 figure of EUR578.5 (USD656.76 million).

“As predicted, revenue and earnings declined,” Palfinger states. “At the same time, the company is optimistic about the full year 2025 and is targeting the second-best financial year in its history. 

"The company's financial stability was further strengthened by the reduction in net financial debt and the significant increase in equity.”

Palfinger states the European core markets recorded a recovery in order intake since Q4 2024 which, it says, has led to an increase in production capacity in Europe.

“The positive global trend is also evident in Latin America, particularly in Brazil and Argentina where capacity has also been increased,” Palfinger adds.

North America, and Asia Pacific recorded growth in Q1 2025, with Palfinger stating “demand remains subdued”.

“The unclear US tariff policy continues to cause market uncertainty,” the company states.

“Meanwhile, growth in APAC continues, with signs of a modest recovery also visible in China. 

“India continues to prove itself as an emerging market. We are capitalising on this by investing over EUR25 million (USD28.38 million) in an assembly plant there. 

“Revenue of EUR300 million (USD340.58 million) in the APAC region is targeted over the coming years.”

Palfinger says their recovery in European order intake means it is expecting strong earnings development from Q2 this year.

“On this basis, the company is aiming for year-on-year growth in both revenue and EBIT in 2025, targeting the second-best financial year in its history.

Palfinger's target for 2027 is revenue of EUR2.7 billion. (USD3.07 billion).

Meanwhile, French materials handling equipment manufacturer Manitou Group has also reported a decline in Q1 2025 revenues, dropping to EUR600 million, down 13% year-on-year.

Going against the trend, Manitou reports Q1 25 order intake for equipment was EUR574 million, an increase of 8% against Q4 2024 and a 209% increase on Q1 2024.

"First-quarter revenues are in line with our expectations,” says Manitou Group CEO Michel Denis.

“This first quarter is marked by a continued increase in order intake which is higher than in the fourth quarter of 2024. This good momentum rewards the work carried out by the teams to make new product ranges available and adapt to our markets.

“Today, the order book has normalised, allowing us to confirm the expectation of stable revenues in 2025 compared with 2024 and of a recurring operating profit rate for 2025 to be around 5.5% of revenues.”

Konecranes Q2 sales increase
Konecranes Q2 sales increase 31 Jul 2025 - Hyvinkää, Finland - 1 min read
Briefs
Briefs 22 May 2025 - 2 min read
Konecranes reports increased Q1 sales
Konecranes reports increased Q1 sales 1 May 2025 - Hyvinkää, Finland - 1 min read
Previously about:
Manitou Group reports 6.5% H1 revenue drop News Story - 7 Aug 2025 - Ancenis, France - 1 min read
Manitou expands GEHL brand with Chaneme News Story - 31 Jul 2025 - Ancenis, France - 1 min read
Manitou announces battery development JV with Hangcha News Story - 24 Jul 2025 - Ancenis, France - 2 min read
Palfinger NA adds training sites in New Jersey, California News Story - 26 May 2011 - Niagara Falls, ON, Canada - 1 min read
Palfinger buys into Equipment Technology News Story - 1 Apr 2010 - Oklahoma City, OK, United States - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

Showcased in the Virtual Expo

The Battery Show and EV Tech Expo returns to Detroit on October 6–9, 2025, at Huntington Place. Explore 1,300+ suppliers, cutting-edge technologies, expert-led sessions, and valuable networking opportunities. Don’t miss this must-attend event for battery and EV innovation.

[JOIN US] 

Use promo code FORK for FREE expo registration & $100 off conference pricing.

Words of support …

These releases in Forkliftaction are a nice experience for SNDC... We got seven inquiries coming from Canada, USA, Mexico, Israel and Australia (five from retailers, two from machines manufacturers) and we are still in contact with them. I can state that's a success story!

David Massat, Sales Director OEM and Export

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

The Battery Show and EV Tech Expo returns to Detroit on October 6–9, 2025, at Huntington Place. Explore 1,300+ suppliers, cutting-edge technologies, expert-led sessions, and valuable networking opportunities. Don’t miss this must-attend event for battery and EV innovation.

[JOIN US] 

Use promo code FORK for FREE expo registration & $100 off conference pricing.

The Battery Show and EV Tech Expo returns to Detroit on October 6–9, 2025, at Huntington Place. Explore 1,300+ suppliers, cutting-edge technologies, expert-led sessions, and valuable networking opportunities. Don’t miss this must-attend event for battery and EV innovation.

[JOIN US] 

Use promo code FORK for FREE expo registration & $100 off conference pricing.

Inside The News
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

PREMIUM business

Shenzhen Wellwit Robotics Co., Ltd
The Largest AMR/AGV ODM/OEM Manufacturer in China.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET