Q4 2025 Hiab Oyj Earnings Call Transcript
Key Points
- Hiab Corp (CYJBY) achieved a record comparable operating profit margin of 13.7% despite a decline in sales.
- The services business had a record year, contributing significantly to profitability with a 23.2% margin.
- The acquisition of ING cranes expanded Hiab Corp's presence in Brazil, enhancing growth potential in the Americas.
- The company signed 16 new dealers in the US, improving market coverage and supporting strategic growth in North America.
- Hiab Corp's strategic focus on increasing service contracts and connected units is on track, supporting recurring revenue growth.
- Sales declined by 6% year-over-year, with a notable decrease in the US market due to trade tensions and economic uncertainties.
- The order book decreased by 18%, impacting visibility into future revenue streams.
- The US market continues to face soft demand, particularly affecting the delivery equipment segment.
- Hiab Corp plans to reduce costs by EUR20 million, which may involve reducing up to 480 roles globally.
- Currency fluctuations, particularly a weaker US dollar, negatively impacted profitability and sales figures.
Welcome to Hiab's full year 2025 results call. My name is Aki Vesikallio. I'm from Investor Relations. Today's results will be presented by CEO, Scott Phillips; and CFO, Mikko Puolakka. As a reminder, please pay attention to the disclaimer in the presentation as we will be making forward-looking statements. Before handing over to Scott and Mikko, let's take a quick look at the highlights of the year.
Market environment was characterized by increased trade tensions and uncertainties, and our orders red remained at past two-year level. Sales declined by 6%, but we increased our comparable operating profit margin and achieved a new record of 13.7%. Also, our services business had a record year. Strong gas generation continued, and we acquired ING cranes, significantly expanding our presence in Brazil.
Let's then view today's agenda. First, Scott will present the group level topics and strategic development. Mikko will go through the reporting segments, find ourselves in more detail, and the outlook. After Mikko, Scott will join the
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