on MANITOU (EPA:MTU)
Manitou Group Reports Decrease in Q1 2025 Revenues
Manitou Group announced a 12% decrease in Q1 2025 revenues, totaling €600 million compared to Q1 2024. Despite the decline, the company experienced a notable rise in order intake, reaching €574 million, a 209% increase year-on-year. The order book ended Q1 2025 at €1,169 million, down from €1,878 million in the same period last year. CEO Michel Denis confirmed expectations of stable revenues and a recurring operating profit rate of roughly 5.5% for 2025.
The Product division saw a 16% dip in revenues, reflecting a demand adjustment from 2024. In contrast, the Services & Solutions division grew by 7%, underscoring the vigor of spare parts and service activities. Performance varied geographically, with Northern Europe witnessing a significant 21% reduction, while the Americas showed a marginal 1% decline.
R. P.
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