Hiab reported a solid financial performance in 2025, despite a challenging market environment marked by trade tensions and economic uncertainty.
The company recorded orders of EUR 1.48 billion, in line with the previous two years. Sales fell by 6 percent to EUR 1.56 billion, mainly due to weaker demand in the Americas. Even so, Hiab achieved a record comparable operating profit margin of 13.7 percent, up from 13.2 percent in 2024.
Operating profit reached EUR 208 million, while net profit totalled EUR 151 million. Cash generation remained strong, with operating cash flow of EUR 308 million.
Services delivered a record year, supported by steady growth in spare parts, maintenance, and digital solutions. Eco portfolio sales also increased sharply, rising 20 percent to EUR 572 million and accounting for 37 percent of total revenue.
Fourth-quarter performance
In the fourth quarter of 2025, orders declined by 9 percent to EUR 375 million. Sales slipped by 4 percent to EUR 396 million.
Operating profit improved slightly to EUR 42 million, while comparable operating profit rose 15 percent to EUR 47 million. The comparable operating margin for the quarter reached 11.9 percent, compared to 9.9 percent a year earlier.
Net profit for the quarter amounted to EUR 33 million.
Market conditions
Hiab said the market remained volatile throughout 2025. Trade tensions weighed heavily on demand, especially in the United States, where the delivery equipment market reached a cyclical low.
By contrast, equipment markets in Europe, the Middle East, Africa, and Asia-Pacific showed gradual recovery. Growth in these regions partly offset the downturn in the Americas.
The company ended the year with an order book of EUR 534 million, down from EUR 648 million in 2024.
Standalone company
2025 marked a major milestone for Hiab, as the company became a standalone listed entity on Nasdaq Helsinki in April. The transformation followed Cargotec’s decision to rename the group and focus fully on Hiab’s core business.
The transition was completed in July with the sale of the MacGregor business, which is now reported as discontinued operations.
Strategy and expansion
Hiab continued to invest in its growth strategy. The company expanded its dealer network in North America and increased the number of long-term ProCare service contracts to more than 25,000.
In Brazil, Hiab strengthened its market position through the acquisition of ING Cranes, which was completed in early 2026. The deal complements Hiab’s existing ARGOS platform in the region.
Outlook for 2026
Looking ahead, Hiab expects market conditions to remain uncertain. The company plans a cost reduction programme targeting EUR 20 million in savings in 2026.
Despite the volatility, Hiab forecasts a comparable operating profit margin above 13 percent for 2026, building on the strong performance achieved in 2025.
The company said it remains focused on operational efficiency, service growth, and disciplined capital management as it enters its next phase as an independent business.
