03.06.2026

soft start for Hiab

Loader crane manufacturer Hiab has reported its first quarter results with with lower sales and a steep fall in profits.

Total revenues: declined seven percent to €383 million. The split between sales and services was as follows: new equipment sales came in at €266 million, down nine percent while Service revenues declined one percent to €117 million. Sales in Europe and Asia Pacific improved five and seven percent respectively, while the Americas experienced a 20 percent drop.

Order intake improved by six percent to €402 million The orders were split between new equipment at €284 million, up 10 percent on the same quarter last year, while service orders slipped one percent to €119 million.

The order book/backlog was five percent higher at €562 million, made up of new equipment orders of €501 million, five percent up on the same period last year and service orders of €61 million up four percent on the year.

Pre-tax profit took a dive, dropping 34 percent to €40.2 million compared to a jump in profits this time last year, mostly due to the lower volumes, lower gross margins and slight increases in most sales and administration costs.

Chief executive Scott Phillips said:” The first quarter represented a good start to the year for Hiab. We reached a positive book-tobill as our quarterly orders received exceeded €400 million for the first time since 2024. Comparable operating profit margin increased sequentially to 13.5 percent and we continued to deliver strong cash flow."

"At the beginning of April, we implemented a new operating model, which is driving scalability and customer focus.”
The first quarter also represents the inaugural reporting period for the newly acquired ING Cranes.”