Michel Denis, President & CEO, stated: "The group achieved a very good first quarter with revenues of 648 million euros, up 8% and 10,2% on a like-for-like basis. The excellent momentum observed is driven by our European markets, particularly with rental companies.
On the commercial front, our business remains very well-oriented with order intakes amounting to nearly 631 million euros over the quarter, an increase of 9,9% compared to the first quarter of 2025, bringing our order book to a solid level at 1,2 billion euros.
At the same time, we are pursuing the execution of our "LIFT" strategic roadmap, and continuing the electrification of our ranges with the launch of several construction and agricultural telehandlers and the creation of a joint venture with Hangcha dedicated to the production of lithium-ion batteries.
Based on the momentum of the first quarter and a robust order book, the group expects revenue growth for the 2026 fiscal year to be approximately 5% compared to 2025. The recurring operating profit is anticipated to reach around 5% of revenue. These outlooks are impacted by higher customs duties, unfavorable trends in raw material prices, and exchange rate fluctuations. Nevertheless, achieving these targets remains subject to a volatile environment, characterized by macroeconomic uncertainty, geopolitical shifts, and unstable commodity prices, all of which limit visibility on the annual net result.”
Financial Summary
|
In millions of euros |
Q1 2025 |
Q1 2026 |
Change |
|
Consolidated revenue |
600 |
648 |
+8% |
|
Machine order intake |
574 |
631 |
+9,9% |
|
Order book (end of period) |
1 169 |
1 210 |
+3,6% |
Revenue by Geographical Region
The table below presents the revenue generated by each region (before the elimination of inter-region sales), reflecting the group's new operational organization which came into effect on January 1, 2026:
|
In millions of euros |
Q1 2025 |
Q1 2026 |
Change |
Like-for-like Change |
|
Europe |
492 |
553 |
+12,5% |
+13% |
|
North America |
117 |
100 |
-14,2% |
-46% |
|
LAPAM* |
83 |
72 |
-12,9% |
-11,2% |
|
Inter-region eliminations |
-92 |
-78 |
- |
- |
|
Total consolidated group |
600 |
648 |
+8% |
+10,2% |
|
*Latin America, Asia-Pacific, Africa, and the Middle East. |
Review by region:
Europe: the region shows very strong growth with gross revenue of 553 million euros (+12,5%, +13% on a like-for-like basis). This momentum is driven by significant volumes in telehandlers. This trend is accompanied by an increase in market share and allows the group to strengthen its positioning.
North America: revenue for the region stood at 100 million euros (-14,2%, -4,6% on a like-for-like basis). This decline reflects a toughening of the commercial environment, marked by the impact of customs duties and unfavorable foreign exchange effects.
LAPAM: revenue for the region came to 72 million euros (-12,9%, -11,2% on a like-for-like basis). The region's performance is impacted by a market downturn and increased competitive pressure.
