Cargotec Corp (OTC) ( (CYJBF) ) has released its Q2 earnings. Here is a breakdown of the information Cargotec Corp (OTC) presented to its investors.
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Hiab Corporation, a leading provider of smart and sustainable on-road load-handling solutions, has reported its financial performance for the first half of 2025. The company operates in the industrial sector, focusing on equipment and services for load handling across various industries.
In the first half of 2025, Hiab demonstrated strong performance despite a challenging market environment. The company reported an 8% increase in orders received during the second quarter, totaling EUR 377 million, and maintained a solid operating profit margin of 15.0%. However, sales decreased by 7% compared to the previous year, amounting to EUR 402 million. Hiab’s eco portfolio sales saw significant growth, increasing by 23% and representing 38% of consolidated sales.
Key financial metrics highlighted in the report include a comparable operating profit of EUR 60 million for the second quarter, a slight decrease from the previous year. The company’s cash flow from operations before finance items and taxes totaled EUR 56 million. Hiab’s strategic focus on commercial and supply chain actions contributed to improved margins, despite a decline in sales. The company also announced the expected closing of the sale of its MacGregor business unit by the end of July, which is anticipated to further strengthen its financial position.
Looking ahead, Hiab has specified its outlook for 2025, estimating its continuing operations’ comparable operating profit margin to be above 13.5%. The company remains confident in achieving its long-term financial targets by 2028, despite ongoing market uncertainties due to increased trade tensions. Hiab’s strategic initiatives, including investments in eco-friendly solutions and operational efficiencies, are expected to support its growth and profitability in the coming years.