Hiab reported higher order intake in the second quarter and raised its profitability outlook for 2026 after recording its strongest quarterly order performance in four years.
Orders received increased 16% year-on-year to €437 million in the second quarter, while the order book grew to €589 million. Sales remained stable at €403 million. Comparable operating profit increased to €61 million, representing a 15.1% margin.
For the first half of 2026, orders rose 11% to €839 million. Sales declined 3% to €786 million, while comparable operating profit reached €112 million, corresponding to a 14.3% margin.
Hiab said the stronger order intake was driven by large orders for MOFFETT truck-mounted forklifts in the United States, HIAB loader cranes in France, defence logistics equipment and the acquisition of ING Cranes. Service orders also increased 5% during the quarter.
The company has now raised its outlook for 2026. It expects its comparable operating profit margin to exceed 14.5%, up from its previous guidance of above 13.5%.
Hiab also completed the US$1.035 billion acquisition of Labrie Environmental Group on 1 July. The deal strengthens the company’s position in the North American waste and recycling vehicle market and establishes a new Environmental Vehicle Solutions business area.
President and CEO Scott Phillips said the increased order book, cost savings and the Labrie acquisition gave the company confidence to improve its full-year outlook.
During the quarter, Hiab also launched several new products, including the MULTILIFT Optima hooklift range and two new solutions for the defence logistics sector presented at Eurosatory 2026.
