Finland's Hiab Q3 revenue rises 39% on EVS acquisition

Hiab Oyj

Yesterday 06:09

Overview
Finland load-handling firm's Q3 revenue rose 39% yr/yr, boosted by EVS acquisition
Comparable operating profit up 73% yr/yr with margin rising to 14.2% from 11.4%
Q3 orders received grew 26% yr/yr, but organic orders fell 4%

Outlook
Hiab sees 2026 comparable operating profit margin above 14.5%
Company maintains 2026 outlook
Company says market environment remains mixed due to global economic uncertainty

Result Drivers
EVS ACQUISITION - Co said Environmental Vehicle Solutions acquisition significantly boosted Q3 sales and orders
REGIONAL PERFORMANCE - Co said order growth in EMEA and APAC offset subdued organic orders in Americas
SERVICE SALES - Co said higher services sales were driven by EVS consolidation and recurring services

Company press release: ID:nMFNMZSNC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 481 mln
 
Q3 Net Income
 
EUR 29.10 mln
 
Q3 Adjusted EBIT
 
EUR 68.50 mln
 
Q3 Basic EPS
 
EUR 0.45
 
Q3 EBIT
 
EUR 53.80 mln
 
Q3 Orders
 
EUR 441 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Hiab Oyj is €70.00, about 33.2% above its October 22 closing price of €52.55
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%
Oct 22 - Sweden's Sandvik Q3 revenue beats estimates on order growth
Oct 22 - Finland's Metso Q3 orders jump as mining demand lifts minerals segment

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)