Leadership Changes - Sanna Ahonen, EVP of Strategy and Sustainability, has stepped down from her role, with responsibilities transitioning to Kimberly Allan, EVP of Business Excellence [1] - Sanna will remain available for a structured handover until 4 June 2026 [1] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, committed to delivering the best customer experience [3] - The company operates globally with a network of 3,000 sales and service locations, enabling delivery to over 100 countries [3] - Hiab's continuing operations sales in 2024 totaled approximately EUR 1.6 billion, and the company employs over 4,000 people [3]

Core Insights - Hiab Corporation's profitability has been negatively impacted by lower sales in the US, leading to a decrease in comparable operating profit margin to 11.4% [12][17][19] Financial Performance - Orders received in Q3 2025 totaled EUR 351 million, a decrease of 3% compared to EUR 361 million in Q3 2024 [11][12] - Sales for Q3 2025 decreased by 11% to EUR 346 million from EUR 388 million in Q3 2024 [13][19] - The order book at the end of Q3 2025 was EUR 557 million, down 12% from EUR 636 million at the end of Q3 2024 [11][12] - Comparable operating profit for Q3 2025 was EUR 40 million, a decrease of 24% from EUR 52 million in Q3 2024 [12][19] - Basic earnings per share for Q3 2025 were EUR 0.45, down 27% from EUR 0.62 in Q3 2024 [13][19] Segment Performance - The share of Services in total orders increased to 34% in Q3 2025, up from 30% in Q3 2024 [11][12] - Equipment sales represented 66% of consolidated sales in Q3 2025, down from 71% in Q3 2024, while Services sales represented 34%, up from 29% [12][19] Market Outlook - Hiab maintains its outlook for 2025, estimating a comparable operating profit margin above 13.5%, compared to 13.2% in 2024 [5][22] - The company is targeting a cost reduction program aimed at achieving approximately EUR 20 million lower costs in 2026 compared to 2025 [20] Strategic Developments - The sale of MacGregor was completed on July 31, 2025, resulting in a strong balance sheet with a net cash position of EUR 308 million [21] - Hiab's new reporting structure includes two segments: Equipment and Services, effective from January 1, 2025 [8][9]

Core Insights - Hiab's profitability has been negatively impacted by lower sales in the US market, leading to a decrease in comparable operating profit margin to 11.4% [10][15][17] - The company has maintained its outlook for 2025, estimating a comparable operating profit margin above 13.5% [4][20] Financial Performance - In Q3 2025, orders received decreased by 3% to EUR 351 million compared to EUR 361 million in Q3 2024 [9][10] - Sales in Q3 2025 fell by 11% to EUR 346 million from EUR 388 million in Q3 2024, with a notable organic decrease of 8% in constant currencies [10][17] - The order book at the end of Q3 2025 was EUR 557 million, down 12% from EUR 636 million at the end of 2024 [9][10] - Services sales increased to 34% of total sales, up from 29% in the previous year [9][10] Segment Performance - The Equipment segment saw a 17% decline in sales to EUR 230 million in Q3 2025, while the Services segment experienced a 4% increase to EUR 116 million [22] - The comparable operating profit for the Equipment segment decreased by 48% to EUR 20.2 million, while the Services segment's profit increased by 24% to EUR 27.3 million [22] Cash Flow and Debt - Cash flow from operations before finance items and taxes was EUR 69 million, a decrease of 53% from EUR 147.6 million in Q3 2024 [14][17] - The company reported a strong net cash position of EUR 308 million following the sale of MacGregor, enhancing its capacity for future investments [19] Strategic Developments - Hiab has initiated a program targeting a EUR 20 million reduction in costs by 2026 to address current market challenges [18] - The company continues to focus on growth in key segments, particularly in North America and Services, while also prioritizing business excellence and M&A activities [18] Market Outlook - Despite current challenges, Hiab remains confident in achieving its long-term growth targets, aiming for over 7% annual growth [18][20] - The company has set ambitious climate targets, which are currently under validation by the Science Based Targets initiative (SBTi) [20]

Core Points - Hiab Corporation will publish its January–September 2025 interim report on 24 October 2025 at approximately 8:00 a.m. EEST [1] - A live international telephone conference for analysts, investors, and media will be held on the same day at 10:00 a.m. EEST, presented by President and CEO Scott Phillips and CFO Mikko Puolakka [2] - The presentation material for the conference will be available on Hiab's website by 9:30 a.m. EEST [2] - Participants can register for the conference call via a provided link, and the event will also be available as a live webcast [3] - Personal information will be collected from participants dialing into the conference call [4] - Hiab is a leading provider of smart and sustainable on-road load handling solutions, with sales in 2024 totaling approximately EUR 1.6 billion and employing over 4,000 people [5]

Core Insights - Hiab Corporation has made significant changes to its leadership team, appointing two new executives to enhance its management structure [1][2][4]. Leadership Changes - Jenny McGeough has been appointed as President of Loader Cranes, Heavy and Superheavy, effective November 1, 2025, while Marcel Boxem will continue as VP, Sales & Product Management in the same division [1]. - Kimberly Allan has been appointed as Executive Vice President, Business Excellence, starting October 1, 2025, replacing the former position held by Scott Phillips on an interim basis [2]. - Following Kimberly Allan's appointment, Sanna Ahonen will refocus on her core responsibilities in mergers and acquisitions, strategy, and sustainability, effective October 1, 2025 [3]. Leadership Team Composition - The leadership team will include Scott Phillips as President and CEO, Jenny McGeough as President of Loader Cranes, Heavy and Superheavy, and Kimberly Allan as Executive Vice President, Business Excellence, among others [4][8]. Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with sales in 2024 totaling approximately EUR 1.6 billion and employing over 4,000 people [5]. - The company operates globally with a network of 3,000 sales and service locations, enabling delivery to over 100 countries [5].

Core Points - Hiab Corporation has announced an additional dividend of EUR 1.56 per class A share and EUR 1.57 per class B share, following the authorization from the Annual General Meeting on 26 March 2025 [1][2] - The payment of the additional dividend is contingent upon the completion of the sale of MacGregor, which was disclosed on 31 July 2025 [1] - The Board of Directors confirmed the additional dividend on 29 September 2025, with the record date set for 2 October 2025 and the payment date on 9 October 2025 [2] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, focusing on delivering exceptional customer experiences [3] - The company operates globally with a network of 3,000 sales and service locations, serving over 100 countries [3] - In 2024, Hiab's continuing operations generated sales of approximately EUR 1.6 billion and employed over 4,000 people [3]

Core Points - Mariatorp Oy has appointed Ilona Herlin to replace Heikki Herlin on Hiab's Shareholders' Nomination Board [1] - The current members of Hiab's Nomination Board include representatives from various shareholders and the Chair of Hiab's Board of Directors, Jukka Moisio, who participates as an expert [1][4] - Hiab's continuing operations sales in 2024 amounted to approximately EUR 1.6 billion, and the company employs over 4,000 people globally [3] Company Information - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with a commitment to delivering the best customer experience [3] - The company has a global presence with an extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries [3]

Core Points - Hiab has successfully closed the sale of its MacGregor business to Triton on 31 July 2025 after securing all necessary regulatory approvals [2] - The transaction was initially expected to close by 1 July 2025, but was delayed due to pending approval from the Chinese State Administration for Market Regulation [1][2] - MacGregor has been classified as part of discontinued operations from the fourth quarter of 2024 onwards [2] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with sales in continuing operations totaling approximately EUR 1.6 billion in 2024 [3] - The company operates a global network with 3,000 sales and service locations, enabling delivery to over 100 countries [3] - Hiab employs over 4,000 people worldwide [3]

Core Insights - Hiab Corporation reported strong performance in the first half of 2025, with a notable increase in orders received despite a decline in sales [1][15][19] Financial Performance - Orders received in Q2 2025 increased by 8% to EUR 377 million compared to EUR 348 million in Q2 2024, with a total of EUR 755 million for the first half of 2025, reflecting a 3% increase year-over-year [9][10][21] - Sales for Q2 2025 decreased by 7% to EUR 402 million from EUR 433 million in Q2 2024, with total sales for the first half of 2025 at EUR 814 million, down 4% from EUR 847 million in the same period last year [11][21] - The comparable operating profit margin improved to 15.0% in Q2 2025 from 14.5% in Q2 2024, with comparable operating profit amounting to EUR 60 million, a decrease of 4% from EUR 63 million [10][11][23] - Profit for the period was EUR 44 million in Q2 2025, down from EUR 46 million in Q2 2024, while basic earnings per share decreased to EUR 0.67 from EUR 0.72 [10][11] Operational Segments - The Equipment segment reported orders received of EUR 256 million in Q2 2025, an 8% increase from EUR 237 million in Q2 2024, while the Services segment saw a 9% increase to EUR 121 million [21] - The Equipment segment's sales decreased by 11% to EUR 284 million, while Services sales increased by 3% to EUR 118 million [21][22] - The Services segment's comparable operating profit margin improved significantly to 25.0% from 21.7% in the previous year, while the Equipment segment's margin decreased to 13.9% from 15.2% [23] Outlook and Strategic Developments - Hiab expects its continuing operations' comparable operating profit margin for 2025 to exceed 13.5%, up from 13.2% in 2024, indicating a positive outlook for profitability [5][19] - The company is preparing for the closing of the sale of the MacGregor business area, expected on July 31, 2025, which is anticipated to strengthen its cash position by approximately EUR 225 million [6][18] - Hiab's eco portfolio sales increased by 23% in Q2 2025, totaling EUR 155 million, representing 38% of consolidated sales, reflecting the company's commitment to sustainable solutions [11][19]

Core Viewpoint - Hiab Corporation has received all necessary regulatory approvals for the sale of its MacGregor business, with the transaction expected to close on July 31, 2025 [1][2]. Group 1: Transaction Details - The agreement to sell the MacGregor business was initially announced on November 14, 2024, to funds managed by Triton [1]. - As of July 1, 2025, all regulatory approvals have been secured, except for the approval from the Chinese State Administration for Market Regulation (SAMR) [1][2]. - MacGregor has been classified as part of discontinued operations since the fourth quarter of 2024 [2]. Group 2: Company Overview - Hiab Corporation is a leading provider of smart and sustainable on-road load-handling solutions, with a commitment to delivering excellent customer experiences [2]. - The company operates globally, with a network of 3,000 sales and service locations, enabling delivery to over 100 countries [2]. - In 2024, Hiab's continuing operations generated sales of approximately EUR 1.6 billion and employed over 4,000 people [2].