23.07.2026

Soft but promising first half for Hiab

Loader crane and mobile material handling manufacturer Hiab has seen some positive signs during the first half, but with lower sales and profits.

First Half
Total revenues:
Revenues for the six months to the end of June slipped four percent to €814 million, while Machines Vs Services ratio shifted one percent in favour of higher margin more stable parts and services revenues, with new equipment sales now making up 70 percent of the revenue while services have reached 30 percent of total revenues.

Order intake
Order intake for the six months jumped 11 percent to €839 million, leaving the order book/backlog six percent higher at €589 million, compared with this time last year.

Pre-Tax profit dropped 29 percent to €89.9 million, thanks, says the company to ongoing work on the supply chain.

Second quarter

Second quarter revenues were fractionally higher at €403 million, split 70 percent new machines to 30 percent services – the same as the YTD ratio. Order intake improved 16 percent to €437 million. With a Pre-Tax profit of €48.5 million, down 18 percent on the same quarter last year.

Chief executive Scott Phillips said: “Good performance in the first half of the year and a milestone acquisition of Labrie Environmental Group puts Hiab in a strong position to deliver record high profitability in 2026”
Hiab continued to perform well in the second quarter. We had a positive book-to-bill for the second consecutive quarter in all geographies. Another significant milestone in our growth was the acquisition of Labrie Environmental, which completed on 1st of July. With the improved order book, combined with cost savings and the closing of the acquisition, our full year profitability outlook is above 14.5 percent.
Our orders in the second quarter are the highest level in four years, supported by a couple of larger orders in the US, loader crane sales in France and hooklifts for defence, as well as the ING Cranes acquisition in January.

Vertikal Comment

As at this time last year, this looks like a good start for Hiab, certainly in terms of order intake which, one assumes, will translate into revenue growth as the year progresses. Although this is after a full contribution from the ING acquisition in Brazil, which ought to have added around €25 million to the revenues. So on a like for like basis this is not as good as it looks at first glance.

The efforts to increase the percentage of its non-machine sales continue to progress well and should serve it well during economic downturns, while a greater focus on the support ought to have a positive impact on new equipment sales and create a ‘virtuous cycle’ going forward.

All in all, it looks like a mildly encouraging first half and second quarter.