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]

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]