Hiab (HIAB) investor relations material

Executive summary

• Orders received in Q2 2026 rose 16% year-over-year to EUR 437 million, the highest in four years, with positive book-to-bill in all regions and strong growth in EMEA and the Americas.

• Sales remained stable at EUR 403 million in Q2, with a slight sequential increase and a rolling 12-month sales level above EUR 1.5 billion.

• Comparable operating profit rose to EUR 61 million (15.1% margin), and EBITA reached EUR 62 million (15.4% margin), both up slightly year-over-year.

• The acquisition of Labrie Environmental Group for over USD 1,035 million was completed on July 1, 2026, expanding the waste & recycling segment and strengthening the North American market position.

• Full-year 2026 profitability outlook was raised, with a comparable operating profit margin now expected above 14.5%.

Financial highlights

• Orders received: EUR 437 million in Q2 2026 (+16% YoY); H1 orders: EUR 839 million (+11% YoY); order book up 6% to EUR 589 million.

• Sales: EUR 403 million in Q2 (flat YoY); H1 sales: EUR 786 million (-3% YoY).

• Comparable EBITA: EUR 62 million (15.4% margin) in Q2; H1 comparable EBITA: EUR 115 million (14.6% margin).

• Services sales reached all-time high at EUR 123 million (+4% YoY), with a 26.1% margin.

• Eco portfolio sales up 17% to EUR 181 million in Q2, now 45% of total sales.

Outlook and guidance

• Upgraded 2026 comparable operating profit margin guidance to exceed 14.5%, reflecting improved visibility, cost savings, and Labrie consolidation.

• Cost savings program of EUR 20 million in fixed costs for 2026, with most benefits expected in H2.

• Labrie expected to be margin and growth accretive, with synergies in low double-digit millions of EUR.