Hiab (HIAB) AGM 2026 presentation summary

2025 review

• 2025 marked the first year as a listed company following the name change from Cargotec and the sale of MacGregor, completed on 31 July 2025.

• Market environment was impacted by increased trade tensions and uncertainties, but orders received remained stable at €1.5 billion for the third consecutive year.

• Achieved a record high comparable operating profit margin of 13.7% despite a 6% decline in sales; services reached a record year and strong cash generation was reported.

• ING Cranes in Brazil was acquired, expanding presence in South America; safety performance improved.

Financial development

• Orders received were unchanged in constant currencies, with a decrease in US equipment offset by growth in lifting equipment and services.

• Sales declined by 6% to €1,556 million, mainly due to lower order book at the start of the year and market uncertainty; share of services increased to 30%.

• Majority of sales decline came from the Americas, while APAC sales increased and EMEA sales declined slightly.

• Comparable operating profit margin improved to 13.7%, with operative ROCE rising to 30.8% due to effective working capital management.

• Equipment segment had €1,010 million in orders and 12.9% margin; services segment had €470 million in orders and 23.2% margin.

• Maintained a strong balance sheet with net debt and gearing well below target, supporting future growth.

Strategic development

• Maintains leading market positions in all segments, with a focus on innovation, North American expansion, and leveraging installed base for services growth.

• Acquisition of ING Cranes in Brazil enhances product portfolio and market presence in South America.

• Growth initiatives included expansion in waste and recycling, modernisation of production facilities, and signing new dealer agreements in the US.

• Number of ProCare service contracts rose to over 25,000, and connected units reached 56,000.