Partnership with Forterra
Hiab announced a partnership with Forterra to develop automated solutions for their Load Handling Systems business.
Launch of New Products
Hiab launched a 3.5 ton truck-mounted forklift for the EU and the smartest cable hoist solution in the U.S. under the GALFAB brand.
Revised Climate Targets
Hiab announced revised long-range climate targets aiming to be net zero by 2050.
Strong Performance in EMEA and APAC
Order intake in EMEA increased by 26% and APAC by 11% for the quarter.
Services Business Growth
Services as a percentage of sales grew to 34% in the quarter, with services profitability at a good level of 23.5%.
ECO Portfolio Sales Increase
ECO portfolio sales increased by 23% year-to-date, driven by circular solutions, climate solutions, and lifting solutions.