Hiab Oyj
F:C1C1

Watchlist Manager
Hiab Oyj Logo
Hiab Oyj
F:C1C1
Watchlist
Price: 50.65 EUR 1.99% Market Closed
Market Cap: 2.8B EUR

Hiab Oyj
Investor Relations

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.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2025
Call Date
Apr 30, 2025
AI Summary
Q1 2025

Strong Profitability: Hiab reported improved profitability in Q1, with operating profit up 7% to EUR 66 million and margin reaching 16%.

Steady Revenue: Sales were EUR 411 million, down 1% from last year, reflecting normalization of the order book and softer U.S. demand.

Order Intake Mixed: Total order intake was EUR 378 million, roughly stable year-on-year, with gains in Europe and APAC offset by a 20% decline in the Americas due to trade tensions.

Services Growth: Services orders rose 8%, driven by recurring spare parts and maintenance, while services now make up 29% of total sales.

Cash Flow & Balance Sheet: Cash conversion was strong at 170%, and net working capital improved significantly, with gearing at minus 12%.

Guidance Maintained: Hiab kept its 2025 guidance unchanged, expecting operating profit above 12% despite ongoing market uncertainty, especially from U.S. trade issues.

Cost Savings: EUR 20 million in restructuring savings are expected in 2025, mostly visible in the P&L this year.

Key Financials
Revenue
EUR 411 million
Order Intake
EUR 378 million
Rolling 12 months Order Intake
EUR 1.5 billion
Order Book
EUR 601 million
Operating Profit
EUR 66 million
Operating Profit Margin
16%
Cash Conversion
170%
Gearing
-12%
Rolling 12-month Sales
EUR 1.644 billion
Tax Rate
28%
Interest Rate on Loans
1.99% per annum
Services Share of Sales
29%
Eco Portfolio Sales
EUR 142 million
Defence Orders Share
approximately 6%
Savings from Restructuring
EUR 20 million annual cost savings expected in 2025
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scott Allen Phillips
President, CEO & Interim EVP of Business Operations Development
No Bio Available
Mr. Mikko Puolakka M.Sc.(Econ.)
Executive VP & CFO
No Bio Available
Mr. Aki Vesikallio
Vice President of Investor Relations
No Bio Available
Ms. Taina Tirkkonen L.L.M., M.B.A., M.Sc.
Executive VP, General Counsel & Secretary to the Board
No Bio Available
Ms. Birgitte Jespersen Skade
Executive Vice President of Marketing & Communications
No Bio Available
Ms. Ghita Jansson-Kiuru
Executive Vice President of Human Resources
No Bio Available
Mr. Barry McGrane
President of Truck Mounted Forklifts
No Bio Available
Mr. Michael Bruninx
President of Services
No Bio Available
Ms. Sanna Ahonen
Executive Vice President of Business Excellence & Sustainability
No Bio Available
Marcel Boxem
Interim President of Loader Cranes, Heavy & Superheavy
No Bio Available

Contacts

Address
ETELA-SUOMEN
Helsinki
Itamerenkatu 25
Contacts
+358207774000
www.cargotec.com