Record Comparable Operating Profit Margin
Full year comparable operating profit margin reached a record 13.7% (2025) up from 13.2% in 2024 (+50 bps), despite lower sales; full year comparable operating profit was EUR 213m.
Strong Services Performance and Recurring Revenue Progress
Services delivered a record comparable operating profit of EUR 109m with a 23.2% margin; connected units reached ~56,000 and service contracts exceeded 25,000, with Services orders in constant currency up ~4% in Q4 and ~7% for the full year.
Robust Cash Generation
Full year cash flow from operations was EUR 308m; Q4 cash generation EUR 56m with EUR 27m inventory release; net profit EUR 151m for the full year.
Eco Portfolio Growth
Eco portfolio sales increased to EUR 572m from EUR 476m (+20% year-over-year) and grew as a share of sales from 29% to 37% (full year).
Return on Capital Employed Improvement
Last-12-month ROCE improved to 30.8% versus 28.2% a year earlier, reflecting better capital efficiency and net working capital reduction.
Strategic Acquisition and Dealer Expansion
Acquisition of ING Cranes in Brazil completed (closed Jan 2026) to expand Americas and Construction segment presence; signed 16 new dealers in North America since strategy launch to increase coverage.
Cost Savings Target and Organizational Simplification
Targeting ~EUR 20m in annual cost savings for 2026 (personnel and non-personnel), with organizational restructuring to 3 business areas and reduction in global functions intended to increase transparency and agility.
Prudent Capital Return
Board proposes 50% dividend payout (EUR 1.17 per B share; total EUR 75m); balance sheet described as very strong to support organic and inorganic growth (previous extraordinary EUR 100m dividend paid Oct 2025).