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]

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]