Hiab shares shine after better-than-expected Q1 performance

Hiab Oyj

30/04/2025 08:42

** Shares in Finnish provider of on-road load handling equipment Hiab HIAB.HE, previously known as Cargotec, rise over 5% after Q1 sales and EBITA beat

** Effective commercial strategies and supply chain improvements, combined with steady turnover, led to a strong margin performance Inderes analyst, Antti Viljakainen, says

** Hiab reported Q1 EBITA at EUR 67 million ($76.25 million), ahead of EUR 53.8 million seen in Vara Research consensus

** Despite trade tensions and the uncertainty of global growth outlook, Hiab maintained its guidance for the 2025

** "There are positive demand signs in some of the European markets," the group said, adding that it sees a continuing positive momentum in its defence logistics business

** The stock is best performer on Helsinki blue chip index .OMXH25

($1 = 0.8787 euros)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))