Hiab Oyj Class B · OMXHEX:HIAB
Hiab Oyj Class B — Q1 2026 Earnings Presentation
28 slides from Hiab Oyj Class B's earnings presentation, Apr 24, 2026
Slide 1: Organic orders received increased by 7 percent
Organic orders received increased by 7 percent Hiab’s interim report January-March 2026
Slide 2: Highlights of Q1/26
Q1/26 Interim report Highlights of Q1/26 − Book-to-bill was positive in all geographies − Sales impacted by last 3 quarters’ order decline in the US − Comparable operating profit margin increased sequentially to 13.5% − Strong cash generation continued − New operating model implemented on 1 April − O
Slide 3: Disclaimer
Q1/26 Interim report Disclaimer The following applies to this presentation, the oral presentation of the information in this presentation by Hiab Corporation (the “Company” or “Hiab”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (coll
Slide 4: Contents
Q1/26 Interim report Contents 1. Group level development CEO Scott Phillips 2. Reporting segments CFO Mikko Puolakka 3. Financials and Outlook CFO Mikko Puolakka 4. Key takeaways CEO Scott Phillips 5. Q&A Scott Phillips & Mikko Puolakka 4
Slide 5: Group level development
Q1/26 Interim report 1. Group level development 5
Slide 6: Clear progress in strategic focus areas in Q1/26
Q1/26 Interim report Clear progress in strategic focus areas in Q1/26 HIAB HIAB DEL New operating model implemented Climate targets validated by SBTi Strong partner collaboration in R&D Hiab announced plans to evolve its operating model The Science Based Targets Initiative (SBTi) has Hiab launched D
Slide 7: Organic orders received increased by 7 percent
Q1/26 Interim report Organic orders received increased by 7 percent Orders received and order book MEUR MEUR Q1/26 Q1/25 Change Orders received 402 378 6% Orders received, organic* 7% Order book 562 601 -6% - Currencies had a negative EUR 17 million impact on orders received - ING Cranes’ orders rec
Slide 8: ING Cranes acquisition was the main contributor to the growth in the Americas
Q1/26 Interim report ING Cranes acquisition was the main contributor to the growth in the Americas Orders received by geographical area, Q1/26 MEUR MEUR Q1/26 Q1/25 Change APAC 7 (8) % EMEA 207 203 2% EMEA 51 (54) % AMER 166 145 15% APAC 29 30 -3% Operating environment - Gradual recovery in EMEA and
Slide 9: Sales was impacted by lower order book in the beginning of the quarter
Q1/26 Interim report Sales was impacted by lower order book in the beginning of the quarter Sales MEUR MEUR Q1/26 Q1/25 Change Sales 383 411 -7% Sales, organic* -6% Share of Services, % 30% 29% - Quarter started with EUR 114 million lower order book than a in the comparison period - ING Cranes’ sale
Slide 10: Sales growth in other regions did not fully offset the sales decline in the US
Q1/26 Interim report Sales growth in other regions did not fully offset the sales decline in the US Sales by geographical area, Q1/26 MEUR MEUR Q1/26 Q1/25 Change APAC 7 (6) % EMEA 201 192 5% EMEA 51 (47) % AMER 156 195 -20% APAC 26 24 7% Eco portfolio sales 176 142 23% Eco portfolio sales, % 46% 35
Slide 11: Comparable operating profit was negatively impacted by lower sales in the US
Q1/26 Interim report Comparable operating profit was negatively impacted by lower sales in the US Comparable operating profit MEUR MEUR Q1/26 Q1/25 Change Comparable operating profit 52 66 -22% Comparable operating profit, % 13.5% 16.0% Operative ROCE, LTM 27.0% 29.6% - Lower sales in the US - SG&A and
Slide 12: On track to deliver on our 2028 financial targets
Q1/26 Interim report On track to deliver on our 2028 financial targets Comparable 2028 Sales CAGR1 Operating Profit ROCE2 financial targets >7% 16% >25% Rolling 10-year average LTM LTM 5% 27.0% Progress, Q1/26 13.0% 1 Over the cycle, LTM 10 year average 12 2 Defined as (Operating Profit / Operative Capit
Slide 13: Reporting segments
Q1/26 Interim report 2. Reporting segments 13
Slide 14: Lifting equipment sales continued to increase
Q1/26 Interim report Lifting equipment sales continued to increase Equipment, Orders received, Order book & Sales MEUR MEUR Q1/26 Q1/25 Change Orders received 284 258 10% Order book 501 541 -7% Sales 266 294 -9% Comparable operating profit 32 46 -30% Comparable operating profit, % 12.1% 15.7% - Orders
Slide 15: Lower comparable operating profit due to sales decline
Q1/26 Interim report Lower comparable operating profit due to sales decline Equipment, Comparable operating profit Equipment, Comparable operating profit bridge* MEUR MEUR Comparable operating profit Comparable operating profit, % (RHS) 15 * Indicative management estimate Comparable operating profit, % LT
Slide 16: Growth in recurring services was offset by negative currency impact and lower installation volumes
Q1/26 Interim report Growth in recurring services was offset by negative currency impact and lower installation volumes Services, Orders received, Order book & Sales MEUR MEUR Q1/26 Q1/25 Change Orders received 119 120 -1% Order book 61 60 1% Sales 117 118 -1% Comparable operating profit 28 28 -1% Co
Slide 17: Services profitability at the comparison period’s level
Q1/26 Interim report Services profitability at the comparison period’s level Services, Comparable operating profit Services, Comparable operating profit bridge* MEUR MEUR Comparable operating profit Comparable operating profit, % (RHS) 17 * Indicative management estimate Comparable operating profit, % LTM
Slide 18: Financials and outlook
Q1/26 Interim report 3. Financials and outlook 18
Slide 19: Income statement
Q1/26 Interim report Income statement Income statement Comparable operating profit bridge* MEUR Q1/26 Q1/25 Change MEUR Sales 383 411 -7% Gross profit 108 130 -17% Gross profit, % 28.3% 31.6% EBITA 41 67 -38% Comparable operating profit 52 66 -22% Operating profit 40 66 -39% Operating profit, % 10.5% 16.0
Slide 20: Strong cash generation continued
Q1/26 Interim report Strong cash generation continued Cash flow from operations before finance items and taxes, Q1/26 MEUR 20 *Cash flow from operations before finance items and taxes
Slide 21: Very strong balance sheet enabling organic and inorganic growth
Q1/26 Interim report Very strong balance sheet enabling organic and inorganic growth Net debt and gearing Maturity profile, 31 March 2026 MEUR MEUR Net debt Other interest bearing liabilities Lease liabilities Gearing, % (RHS) Corporate bonds and loans from financial institutions 21
Slide 22: Outlook for 2026 specified
Q1/26 Interim report Outlook for 2026 specified Hiab estimates: Comparable operating profit margin in 2026 to be above 13.5% (2025: 13.7%). Previous outlook (published 12 February 2026): Comparable operating profit margin in 2026 to be above 13.0% (2025: 13.7%). 22
Slide 23: Key takeaways
Q1/26 Interim report Key takeaways − Gradual recovery in lifting equipment in EMEA − Delivery equipment market in the US is expect to be in a cyclical trough − On track to achieve EUR 20 million lower cost level in 2026 − We continue to execute on our strategy and focus on growth opportunities − Str
Slide 24: Q&A
Q1/26 Interim report 5. Q&A 24
Slide 25: Appendix
Q1/26 Interim report Appendix 25
Slide 26: Key financial figures
Q1/26 Interim report Key financial figures MEUR Q1/26 Q1/25 Change Orders received 402 378 6% Order book 562 601 -6% Sales 383 411 -7% Gross profit, % 28.3% 31.6% EBITA 41 67 -38% Comparable operating profit 52 66 -22% Comparable operating profit, % 13.5% 16.0% Operating profit 40 66 -39% Profit for the pe
Slide 27: Key targets to measure success by 2028
Q1/26 Interim report Key targets to measure success by 2028 Comparable Sales CAGR1 Operating Profit ROCE2 Sustainability >7% 16% >25% SBTi Gearing Growing Dividend of <50% 30-50% of EPS 1 Over the cycle 27 2 Defined as (Operating Profit / Operative Capital Employed)
Slide 28: BUILT TO PERFORM
BUILT TO PERFORM HIAB • EFFER • ARGOS • ING • LOGLIFT • JONSERED • MULTILIFT • GALFAB • MOFFETT • PRINCETON • WALTCO • DEL • ZEPRO • HIPERFORM