INSIDE INFORMATION: Hiab plans to evolve operating model to drive scalability and customer focus and provides update on programme targeting lower cost level

Core Viewpoint - Hiab is planning to evolve its operating model to enhance scalability and customer focus by realigning its structure from six divisions to three business areas, aiming to strengthen its position as a technological leader in on-road load handling and ensure company resilience [1][5] Group 1: Organizational Changes - The new structure is expected to be effective in the second quarter of 2026, pending work council negotiations, and will consist of three business areas along with five functions reporting to the President and CEO [2] - The current Hiab Leadership Team will continue through the transition, with Barry McGrane, Jenny McGeough, and Martin Saint proposed to remain as Division Presidents [3] Group 2: Reporting and Financial Strategy - The new operating model will not affect Hiab's external reporting, which will continue to have two segments: Equipment and Services [4] - Hiab has initiated a program targeting a reduction of approximately EUR 20 million in costs for 2026 compared to 2025, with an estimated reduction of around 480 roles globally, including about 60 in Finland [6]