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 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 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]