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Hiab's half-year financial report January–June 2025: Strong performance in the first half
Globenewswire· 2025-07-23 05:00
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]