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Hiab turned around its business in 2015, starting an upward trajectory. In 2016 Hiab broke the one billion euro mark in sales, and the growth continued with a 52MEUR increase in sales over 2017.
Operating profit has seen a steep upward climb from 2014’s 7.3% to 2017’s 14.5%; in euros the same growth has been from 61 MEUR to 157 MEUR.
The turnaround has coincided with a confident strategy, leading Hiab to again show the way for load handling. We have introduced connected solutions that create more value to the customers around the equipment that forms the solid foundation for Hiab’s business.
Hiab is a part of Cargotec as one of its three businesses together with Kalmar and MacGregor.
For more materials on Hiab’s results, click to Cargotec’s Investor Relations portal.