Hiab Corporation

Hiab Corporation Earnings Recaps

HIAB.HE Industrials 1 recap
Next earnings: February 4, 2027 (estimated) · full calendar
Q3 2026 Oct 28, 2026

Hiab’s shares fell 11.6% after earnings, with the clearest concern being a 4% organic decline in quarterly orders despite reported growth from acquisitions. Management also cited elevated uncertainty and delayed customer decisions, while keeping its 2026 outlook unchanged.

Key takeaways
  • Orders received rose 26% to EUR 441 million, but acquisitions contributed EUR 101 million and a 30-percentage-point positive impact; organic orders fell 4% in the quarter.
  • Organic orders grew in EMEA and Asia Pacific, while the Americas faced a negative organic comparison; the company booked no Americas key-account orders above EUR 10 million in the quarter.
  • Sales grew 5% organically in the quarter to EUR 481 million, but were down 2% organically year to date.
  • Comparable operating profit was EUR 69 million, or 14.2% of sales; cash flow was EUR 98 million.
  • Hiab kept its 2026 outlook unchanged, while noting that uncertainty, pricing and interest rates are delaying customer decisions.