Hiab Oyj
F:C1C1
Hiab Oyj
Cargotec Oyj provides cargo handling solutions and services. The company is headquartered in Helsinki, Etela-Suomen and currently employs 4,234 full-time employees. The company went IPO on 2005-06-01. The firm's business activities divided into two operation segments: Equipment and Services. The Equipment reporting segment comprises of new equipment: loader cranes, forestry and recycling cranes, truck mounted forklifts, demountables and tail lifts. The Services reporting segment comprises of spare parts, maintenance, accessories, installations, digital services and refurbished equipment. Hiab's equipment includes HIAB, EFFER and ARGOS loader cranes, MOFFETT and PRINCETON truck mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT skiploaders and hooklifts, GALFAB roll-off cable hoists, and tail lifts under the ZEPRO, DEL and WALTCO brands.
Cargotec Oyj provides cargo handling solutions and services. The company is headquartered in Helsinki, Etela-Suomen and currently employs 4,234 full-time employees. The company went IPO on 2005-06-01. The firm's business activities divided into two operation segments: Equipment and Services. The Equipment reporting segment comprises of new equipment: loader cranes, forestry and recycling cranes, truck mounted forklifts, demountables and tail lifts. The Services reporting segment comprises of spare parts, maintenance, accessories, installations, digital services and refurbished equipment. Hiab's equipment includes HIAB, EFFER and ARGOS loader cranes, MOFFETT and PRINCETON truck mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT skiploaders and hooklifts, GALFAB roll-off cable hoists, and tail lifts under the ZEPRO, DEL and WALTCO brands.
Order Intake: Q3 order intake was EUR 351 million, down 3% year-on-year, staying flat for the twelfth consecutive quarter.
Regional Trends: EMEA performed better with 13% growth in the first nine months, while Americas fell 14% due to tariff uncertainty, especially among smaller customers.
Sales & Profitability: Sales declined in Q3, and gross profit margin was down 80 basis points, mainly because of lower U.S. equipment volumes.
Cost Savings: A new EUR 20 million cost savings program is in planning, targeting structural reductions by 2026 to protect profitability.
Strategy & Outlook: No changes in strategy or 2025 outlook; Hiab aims for above 13.5% comparable operating profit and maintains a dividend policy of 30-50% of net income.
Acquisition: Announced the acquisition of ING Cranes in Brazil in early January, complementing the existing Argos business.
US Market: Larger U.S. customers continue fleet renewals, but smaller customers are cautious due to tariffs; pricing discipline on tariffs remains industry-wide.
Services Growth: Despite softer equipment sales, recurring services such as spare parts and maintenance continued to grow as per strategy.
