Q3 2025 Hiab Oyj Earnings Call Transcript
Key Points
- Hiab Corp (CYJBF) announced a partnership with Forterra to develop automated solutions for their load handling systems business.
- The company launched a new 3.5-ton truck-mounted forklift for the EU, enhancing their Moffett branded solutions.
- Hiab Corp (CYJBF) introduced the smartest cable hoist solution in the US market under the Galfab brand.
- The company revised its long-range climate targets, aiming to be net zero by 2050.
- Services business continued to grow, with services percent of sales increasing to 34% in the quarter.
- Q3 profitability was affected by lower sales in the US due to elevated market uncertainty and trade tensions.
- Order intake declined by 3% compared to the previous year, with a significant reduction in the Americas.
- Sales in the quarter were down 11%, with a notable decline in the Americas by 21%.
- Comparable operating profit margin decreased to 11.4% from 13.4% last year.
- The company faced a EUR20 million negative impact from lower sales in the US, affecting overall profitability.
Welcome to Hiabâs third quarter 2025 results call. My name is Aki Vesikallio. Iâm from Investor Relations. 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.
Hiabâs Q3 profitability was affected by lower sales in the US. Our orders decreased slightly. Comparable operating profit margin decreased to 11.4% due to lower sales in the US, which was caused by elevated market uncertainty due to increased trade tensions.
However, our services business continued to grow. Sale of MacGregor was closed on July 31, and the business is now separated from the company. Letâs then view todayâs agenda. First, Scott will present the group level topics. Mikko will go through reporting segments, finance, sales in more detail, and the outlook.
After Mikko, Scott will join the states for key takeaways before the Q&A session.
With that, over to you, Scott.
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