Q2 2026 Hiab Oyj Earnings Call Transcript
Key Points
- Hiab Corp (STU:C1C1) reported a positive book-to-bill ratio in all three geographical areas for the second consecutive quarter.
- The company increased its comparable operating profit to EUR61 million and raised its full-year comparable operating profit margin outlook from 13.5% to above 14.5%.
- Hiab Corp completed the acquisition of Labrie Environmental Group, a leading provider of refuse collection vehicles in North America, which is expected to be margin and growth accretive.
- The company introduced several pioneering innovations, including the MULTILIFT Optima hook range and HIAB 1622 ATF Loader Crane, enhancing its market share and product offerings.
- Hiab Corp's order intake increased by 16% year-over-year, with significant growth in the EMEA and Americas regions.
- Hiab Corp experienced a 3% decline in sales for the first half of the year, primarily driven by a weak Q1.
- The company faced a negative impact from currency fluctuations, which affected its financial performance.
- Sales in the Americas declined by 14% for the first half of the year, with a significant drop in the US market.
- The APAC region saw an 11% negative variance in order intake quarter-over-quarter, indicating challenges in that market.
- Hiab Corp's cash flow was weaker than in previous quarters, mainly due to increased net working capital and inventory levels.
Welcome to Hiabâs second quarter 2026 results call. My name is Aki Vesikallio. I am from the Investor Relations team. Todayâs 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, letâs take a look at the highlights of the quarter. book-to-bill was again positive in all three geographical areas, and it was the second consecutive quarter. Our sales were at the comparison periods level. comparable operating profit increased to EUR61 million. We also specified our outlook floor for full-year comparable operating profit margin from 13.5% to above 14.5%. A milestone acquisition of Labrie Environmental Group was announced on the June 1, and just in the beginning of the third quarter, the acquisition was completed.
Letâs take a view on todayâs agenda. First, Scott will present the strategic development and group-level topics. Mikko will go through reporting
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