Core Points - Hiab Corporation is investing EUR 19 million to expand and modernize its Multilift demountables production facility in Raisio, Finland [1] - The construction is set to begin in autumn 2025 and is expected to be completed by 2027, with no disruptions to current production [2] - The expansion aims to enhance production capabilities, improve employee well-being, and support sustainability goals [3] Investment Details - The investment will modernize production and office facilities, reduce energy consumption, and include a new showroom [1] - This year's expenditure is part of Hiab's total capital expenditure estimate of approximately EUR 80 million for 2025 [2] Facility Background - The Raisio plant has been operational since the late 1950s, with the current facility completed in the late 1970s to early 1980s [4] - The modernization follows previous development activities, including a major layout change and the implementation of a new factory production model [4] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with sales totaling approximately EUR 1.6 billion in 2024 and over 4,000 employees [5] - The company operates globally with a network of 3,000 sales and service locations, delivering to over 100 countries [5]

Core Insights - Hiab's profitability improved in Q1 2025, achieving a record-high comparable operating profit margin of 16.0% driven by strong execution across all divisions [3][9][17] - The company reported stable order intake for the tenth consecutive quarter, with orders received totaling EUR 378 million, a 2% decrease compared to the previous year [9][16] - Hiab's outlook for 2025 remains unchanged, estimating a comparable operating profit margin above 12.0% [4][19] Financial Performance - Orders received: EUR 378 million, down 2% from EUR 386 million in Q1 2024 [8][9] - Sales: EUR 411 million, a slight decrease of 1% from EUR 415 million in Q1 2024 [8][9] - Comparable operating profit: EUR 66 million, up 7% from EUR 61 million in Q1 2024, with a margin of 16.0% [8][10][17] - Profit for the period: EUR 46 million, a 10% increase from EUR 42 million in Q1 2024 [10][9] Segment Performance - Equipment segment orders received: EUR 258 million, down 6% from EUR 275 million in Q1 2024 [20] - Services segment orders received: EUR 120 million, an increase of 8% from EUR 111 million in Q1 2024 [20] - Equipment sales: EUR 294 million, down 1% from EUR 297 million in Q1 2024 [20] - Services sales: EUR 118 million, unchanged from EUR 117 million in Q1 2024 [20] Cash Flow and Financial Position - Cash flow from operations before finance items and taxes: EUR 127 million, down 27% from EUR 174 million in Q1 2024 [13][18] - Net cash position at the end of the quarter: EUR 117 million, expected to strengthen after the sale of the MacGregor business area [18][9] - Interest-bearing net debt: -EUR 261 million, indicating a strong balance sheet [13] Strategic Outlook - Hiab aims to achieve its 2028 financial targets, with a 10-year average annual sales growth target of 7% [19] - The company continues to navigate market uncertainties due to elevated trade tensions while maintaining a focus on operational excellence and growth [19][16]