Cargotec Corp (OTC) ( (CYJBF) ) has released its Q1 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 recently become a standalone listed company, marking a new chapter in its history. The company operates globally, offering a range of equipment and services to over 100 countries through its extensive network.
In its latest earnings report for the first quarter of 2025, Hiab reported stable order intake and a record-high comparable operating profit margin, despite facing elevated market uncertainty due to intensified trade tensions. The company maintained a strong cash generation and a robust balance sheet, further solidified by its recent standalone status.
Key financial highlights include a 7% increase in comparable operating profit to EUR 66 million, representing 16.0% of sales, and a 24% growth in eco portfolio sales, which now account for 35% of consolidated sales. The company also reported a decrease in orders received by 2% to EUR 378 million, with a notable decline in the Americas offset by growth in EMEA and Asia-Pacific regions.
Looking ahead, Hiab remains confident in its strategy to achieve its 2028 financial targets, despite ongoing trade tensions. The company maintains its outlook for 2025, estimating a comparable operating profit margin above 12.0%, and continues to focus on executing its strategy to drive profitable growth and strengthen its market position.