Hiab up overall in first half of 2025

Hydraulic loader crane and equipment manufacturer Hiab claims a “strong performance” in the first half of 2025.

At the end of the first six months of the year, orders received were €755 million, up 3 per cent on the €734 million in the same period a year earlier. At €814 million, however, Hiab reported a decline in sales of 4 %, from €847 million for the first half of 2024.

Hiab said it gave a strong performance in the first half of 2025. Image: Hiab

Earnings before interest and taxes (EBITDA) was €127 million, up by €1 million and representing 15.5 % of sales, against 14.8 % of sales in the first half a year earlier. Operating profit at €126 million was up by €2 million. Profit was €90 million, up from €88 million.

Working for the future

The H1 2025 order backlog at €556 million was down 18 % from €676 million at the end of the first half of 2024.

Looking ahead for the whole year, Hiab said it expects its continuing operations’ comparable operating profit margin to be above 13.5 %. In 2024 it was 13.2 %.

Changes have been made to Hiab’s reporting structure. It expects to complete the sale of MacGregor on 31 July. Since the start of 2025 it has reported Hiab in two segments, Equipment and Services. Equipment is sales of loader cranes, forestry and recycling cranes, tail lifts, truck mounted and demountable forklifts. Services is sales of spare parts, maintenance, accessories, installations, digital services and refurbished equipment.