2025 annual results

• FY’25 net sales of €m 2,564, -3.4% vs. FY’24 (-2.3% like for like)
• Record order intake on equipment of €m 2,181, +106.5% vs. 2024
• Order book on equipment at the end of 2025 at €m 1,121, up 3.4%
• Recurring operating profit at €m 143 (5.6%) vs. €m 199 (7.5%) in 2024
• EBITDA restated from IFRS 16 at €m 200 vs. €m 262 in 2024
• Net income attributable to the parent company at €m 68 vs. €m 122 in 2024
• Net debt significantly down to €m 212 (-42.7% vs. 2024), gearing of 21.8%, leverage of 1.0
• 14,7% electric machines vs 13,8% in 2024
• Dividend payment proposition at €0.75 per share
• Guidance suspended in view of the international context

In a generally declining and uncertain market environment, the group demonstrated the resilience of its fundamentals. With revenue of €2,564 million, 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 €2,181 million more than double the previous year driven particularly by major rental companies and the Europe zone. Our order book thus stands at €1,121 million, providing us with robust visibility for the next two quarters.

Michel Denis, President & CEO