Hiab reports stronger Q3 profitability following EVS acquisition

Hiab reported a sharp increase in comparable operating profit in the third quarter of 2026, supported by higher sales, cost savings and the acquisition of Environmental Vehicle Solutions (EVS).

The Finnish load-handling equipment manufacturer recorded sales of €481 million, up 39% from €346 million in the same period last year. Organic sales growth reached 5% in constant currencies.

Comparable operating profit increased by 73% to €69 million, compared with €40 million a year earlier. The corresponding profit margin improved to 14.2% from 11.4%.

However, reported operating profit increased by a smaller 36% to €54 million, while net profit remained broadly unchanged at €29 million.

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