11 August 2026
Hiab’s order book grew 16 percent in the second quarter of 2026 to €437 million (US$504 million), according to the company’s half-year financial report; the highest quarterly order intake in four years.
Scott Phillips, president and CEO, said the company had “a positive book-to-bill for the second consecutive quarter in all geographies,” while comparable operating profit “increased slightly.”
Scott Phillips, CEO, Hiab
The Finland-based load-handling equipment manufacturer reported sales broadly flat at €403 million, while comparable operating profit increased one percent to €61 million, representing about 15 percent of sales. The order book reached €589 million at the end of the period, up from €534 million at the end of 2025.
For the first half of 2026, orders received increased 11 percent to €839 million. Half-year sales fell three percent to €786 million, with comparable operating profit down 11 percent to €112.5 million, reflecting lower delivery equipment sales in the USA.
Driving the quarter’s growth was a €37-million order for Moffett truck-mounted forklifts from a US customer, defence logistics orders for Hiab loader cranes and Multilift hooklifts from two European NATO countries totalling €15 million and a €6-million Hiab loader crane order from a French wholesale customer. Order growth was also supported in part by the January 2026 acquisition of ING Cranes, a Brazilian crane manufacturer.
Overall, Hiab raised its full-year 2026 outlook, estimating comparable operating profit margin to be above 14.5 percent, up from a previous forecast of above 13.5 percent.
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