MANITOU BF: directors' dealings · France · AMF

About MANITOU BF

MANITOU BF is a French industrial company specializing in the design, manufacturing, and marketing of material-handling equipment, aerial work platforms, and compact earthmoving machinery. Its products primarily serve the construction, agriculture, and industrial markets, with a portfolio built around solutions used to lift, move, and access elevated or hard-to-reach areas in demanding operating environments. The group relies on two flagship brands, Manitou and Gehl, and also provides related services to support customers across the full machine lifecycle. The company’s roots go back to 1958, when Marcel Braud conceived the first rough-terrain forklift, laying the foundation for a business built on innovation. The name “Manitou” was later chosen to reflect a machine designed to handle almost anything and to support the group’s international ambitions. Listed on the Paris Stock Exchange since 1984, the company remains deeply anchored in family ownership, with the founding families still holding a majority stake. MANITOU BF holds a recognized position in rough-terrain material handling and is widely regarded as one of the leading global players in handling equipment and access platforms. The group posted revenue of €2.656 billion in 2024 and €2.564 billion in 2025, the latter reflecting a tougher market backdrop. Even so, 2025 saw record equipment order intake of €2.181 billion, indicating strong commercial momentum and improved visibility, supported by an equipment backlog of €1.121 billion at year-end 2025. Its product range includes telehandlers, rough-terrain forklifts, articulated and scissor lifts, and various compact material-handling and earthmoving solutions. The group is also advancing the electrification of its fleet, with electric machines representing 14.7% of sales in 2025 versus 13.8% in 2024. Strategically, Manitou is focused on market-share gains, operational efficiency, and innovation, while increasingly integrating sustainability into its industrial roadmap. Internationally, the group operates through a broad industrial and commercial footprint and employs around 6,000 people worldwide. It serves customers across Europe, North America, and other export regions, giving it diversified exposure to cyclical end markets. In 2025, net debt fell sharply to €212 million, strengthening the balance sheet. Overall, MANITOU BF is best described as a cyclical but strategically well-positioned industrial company with strong technical expertise and a solid niche profile.