Hiab reaches nine-year low after Q3 results

Hiab Oyj

24/10/2025 08:36

** Shares in Hiab HIAB.HE fall 12.2% after the Finnish engineering group reported Q3 results below forecasts

** Hiab's Q3 operating profit (EBIT) was EUR 40 million  ($46.65 million), below EUR 55.4 million seen on average in Vara Research estimates

** It also reported Q3 EBITA of EUR 40 million, below the EUR 56.1 million expected by the analysts

** Over the last 12 months, Hiab transformed from Cargotec into a standalone pure-play load-handling leader, selling MacGregor business and returning cash to shareholders

** The shares are down 12.2% at 07:25 GMT, on track for worst day in nine years, if losses hold

($1 = 0.8575 euros)

 (Reporting by Vera Dvorakova)

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