Core Insights - Hiab Corporation reported a record high comparable operating profit margin of 13.7% for 2025, despite a 6% decline in sales, indicating improved profitability amidst challenging market conditions [10][19] - The company became a standalone entity listed on Nasdaq Helsinki in April 2025, following the sale of its former MacGregor business, which has been classified as discontinued operations since Q4 2024 [15][16] Financial Performance - For the full year 2025, orders received totaled EUR 1,481 million, unchanged in constant currencies compared to 2024, with a notable decline of 14% in the Americas, offset by growth in EMEA and APAC [10][18] - Sales for 2025 decreased by 6% to EUR 1,556 million, with equipment sales representing 70% and services sales 30% of total sales [10][19] - The comparable operating profit for 2025 was EUR 213 million, a decrease of 2% from 2024, while the comparable operating profit margin improved to 13.7% [10][19] Segment Performance - The Equipment segment saw orders received decrease by 5% to EUR 1,010 million, while the Services segment experienced a 5% increase in orders to EUR 470 million [25] - In Q4 2025, the Equipment segment's operating profit increased by 38% to EUR 34.3 million, while the Services segment's operating profit decreased by 6% to EUR 24.1 million [26] Market Environment - The market environment in 2025 was characterized by increased trade tensions, particularly affecting the Americas, while EMEA and APAC markets showed signs of gradual recovery [10][17] - Hiab's eco portfolio sales increased by 20% in 2025, totaling EUR 572 million, representing 37% of total sales [10][19] Strategic Developments - Hiab plans to evolve its operating model by realigning its structure from six divisions into three business areas, aimed at enhancing scalability and customer focus [22] - The company completed the acquisition of ING Cranes in Brazil, which is expected to strengthen its market position in the region [21] Outlook - For 2026, Hiab estimates its comparable operating profit margin to be above 13.0%, down from 13.7% in 2025, amid ongoing market volatility and geopolitical tensions [4][23]

HIAB loader crane HIAB loader crane MOFFETT truck mounted forklift MOFFETT truck mounted forklift HIAB CORPORATION, PRESS RELEASE, 11 FEBRUARY 2026 AT 2:30 PM (EET) Hiab appoints Custom Truck One Source as new dealer to secure strategic growth in the Western and Northeastern US Hiab, a leading provider of smart and sustainable on-road load handling solutions, has signed a strategic dealer agreement with Custom Truck One Source, Inc. (Custom Truck), significantly expanding the distribution and servic ...

Core Viewpoint - Hiab has signed a strategic dealer agreement with Custom Truck One Source, significantly enhancing its distribution and service network for loader cranes and truck-mounted forklifts in North America [1] Group 1: Company Overview - Hiab is a leading provider of smart and sustainable on-road load handling solutions [1] - Custom Truck One Source is a premier equipment solutions provider operating in over 40 locations across North America [1] Group 2: Strategic Agreement - The agreement aims to expand the distribution and service network for Hiab's loader cranes and MOFFETT truck-mounted forklifts [1]

Core Viewpoint - Hiab has signed a strategic dealer agreement with Custom Truck One Source, significantly enhancing its distribution and service network for loader cranes and truck-mounted forklifts [1] Group 1: Company Overview - Hiab is a leading provider of smart and sustainable on-road load handling solutions [1] - Custom Truck One Source is a premier equipment solutions provider in North America, operating in more than 40 locations across the region [1] Group 2: Strategic Agreement - The agreement aims to expand the distribution and service network for Hiab's loader cranes and MOFFETT truck-mounted forklifts [1]

Core Insights - Hiab has signed a strategic dealer agreement with MGX Equipment Services to expand its distribution and service network for HIAB loader cranes across 13 states in the US [1][3] Group 1: Partnership Details - MGX Equipment Services operates in 13 locations across 11 states in the USA, providing sales, rental, parts, service, and training [2] - The partnership will enhance sales and services in states including Colorado, Delaware, Iowa, Maryland, Minnesota, Montana, Nebraska, New Jersey, North Dakota, South Dakota, Virginia, Wyoming, and Utah [2] Group 2: Strategic Importance - The partnership is a significant milestone for Hiab's strategy to grow in the North American market, enhancing coverage in previously underserved regions [3] - The collaboration aims to provide premium sales and service support for HIAB loader cranes, creating growth opportunities for Hiab, MGX, and their customers [3] Group 3: Growth and Value Creation - The agreement is expected to accelerate growth for MGX and Manitowoc in the U.S. by improving direct-to-customer reach, response times, service capability, and customer engagement [4] - Together, Hiab and MGX are strengthening their market position and creating new opportunities for scaling across a broader range of lifting solutions [4]

About Hiab "The partnership with MGX is an important milestone in our strategy to grow in the attractive U.S. market. Their scale and industry expertise significantly enhances our coverage in the U.S. With MGX, we can offer premium sales and service support for our HIAB loader cranes in many previously insufficiently covered key regions. This brings excellent growth opportunities for Hiab, MGX, and our customers,†said Pauliina Kunvik, Senior Vice President Sales and Services, North America at Hiab. About Th ...

Core Viewpoint - Hiab Corporation will publish its financial statements review for 2025 on February 12, 2026, at 8:00 a.m. EET, with the report available on their website [1] Group 1: Financial Reporting - The financial statements review for 2025 will be published on February 12, 2026 [1] - The report will be accessible at www.hiabgroup.com after its publication [1] Group 2: Conference Details - A live international telephone conference for analysts, investors, and media will take place on the publishing day at 10:00 a.m. EET [2] - The conference will be presented by President and CEO Scott Phillips and CFO Mikko Puolakka [2] - Presentation materials will be available on the website by 9:30 a.m. EET [2] Group 3: Participation Information - Participants can register for the conference via a provided link to receive phone numbers and a conference ID [3] - The event will also be available as a live webcast, with a recording to be published later on Hiab's website [3] Group 4: 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 [5] - The company employs over 4,000 people and has a global presence with 3,000 sales and service locations [5]

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]

Core Insights - Hiab has completed the acquisition of Brazilian crane manufacturer ING Cranes, enhancing its market presence in Brazil [1][2] - The financial results of ING Cranes will be included in Hiab's reporting starting from the first quarter of 2026, with ING Cranes' sales in 2024 reported at approximately EUR 50 million [2] - The acquisition allows Hiab to offer a comprehensive range of loader cranes, solidifying its position in the Brazilian agriculture, rental, construction, and transportation industries [3] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with continuing operations sales in 2024 totaling approximately EUR 1.6 billion and employing over 4,000 people [4] - The company operates through an extensive network of 3,000 sales and service locations globally, enabling delivery to over 100 countries [4]

Core Points - The Shareholders' Nomination Board of Hiab Corporation proposes to confirm the number of members of the Board of Directors as seven for the Annual General Meeting scheduled for March 24, 2026 [1] - Current members Eric Alström, Raija-Leena Hankonen-Nybom, Casimir Lindholm, Jukka Moisio, Tuija Pohjolainen-Hiltunen, Ritva Sotamaa, and Luca Sra are proposed for re-election, with Jukka Moisio suggested as Chair and Casimir Lindholm as Deputy Chair [2][3] - All proposed candidates have consented to be elected and are assessed as independent, except for Casimir Lindholm, the former President and CEO [3] Board Composition and Governance - The Nomination Board recommends that shareholders vote on the proposal as a whole, emphasizing the separation of the Nomination Board from the Board of Directors in line with Nordic governance practices [4] - The Nomination Board ensures that nominees possess the necessary competencies and that the overall Board composition meets Finnish Corporate Governance Code requirements [4] Remuneration Structure - Proposed fixed annual remuneration for Board members includes: Chair at EUR 170,000, Vice Chair at EUR 100,000, and other members at EUR 85,000 [6] - Additional fixed remuneration is proposed for committee members, with meeting fees structured based on the location of the meetings [5][6] - 40% of the annual Board and Committee fees will be paid in the Company's class B shares, with the remainder in cash [5] Share Purchase and Reimbursement Policies - Shares will be purchased within two weeks of the interim report publication for the period January 1, 2026, to March 31, 2026 [7] - The company will cover costs related to share purchases and reimburse travel and accommodation expenses according to company policy [7] Nomination Board Composition - The Nomination Board consists of four members appointed by the two largest shareholders of class A shares and the two largest shareholders of class B shares [9][10] - The Chair of Hiab's Board of Directors participates in the Nomination Board's work as an expert without decision-making rights [10] 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 [11]