HMF sales down, investments continue

For loader crane maker HMF in Denmark 2025 sales were down on the previous year but it said it maintained its investment programme for future growth.

Sales in 2025 were DKK 986 million, down 2.95 per cent on the DKK 1.061 billion of 2024. EBIT in 2025 was DKK 30 million, down from DKK 58 million in the previous year.

HMF makes loader cranes in Højbjerg, near Aarhus in Denmark

Mikkel Winther Andersen, HMF Group CEO, commented, “The result for 2025 is below our usual performance and does not meet our ambitions. However, it is in line with the plans we have set, as we have deliberately maintained investments in initiatives aimed at strengthening our business in the long term.”

In 2025 HMF implemented long-term initiatives to strengthen the company. One of these was to acquire its distributor in Spain to improve its position in an important market.

Another was the introduction of new cranes and in 2025 the company also opened a customer experience centre in Galten near Aarhus, Denmark.

In the money

On the finance side HMF continued to “optimise capital employed in the business” to allow investment in product and company development and its contact with customers.

“The work we have done in 2025 has strengthened our financial position and enables us to accelerate our initiatives and continue investing in the business,” said Mikkel Andersen.

“We are operating in a declining market characterised by significant fluctuations and a range of external factors. In that situation, it has been crucial for us to stay committed to the initiatives we believe in, including getting even closer to our customers. At the same time, we are seeing a positive development in order intake compared to the same period last year,” Andersen continued.

Exchange rate on 5 May 2025: DKK 1.00 = USD 0.16