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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Hiab
Hiab (HIAB) investor relations material
Hiab Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Comparable operating profit margin reached a record 13.7% in 2025, despite a 6% sales decline, supported by higher gross margin and lower fixed costs.
Orders received remained stable at approximately EUR 1.48 billion, with EMEA and APAC growth offsetting declines in the Americas.
Services business achieved record results, with recurring revenues, ProCare contracts, and connected units growing strongly.
Strong cash generation and a robust balance sheet supported both organic and inorganic growth, including the acquisition of ING Cranes in Brazil.
Strategic focus on cost savings, organizational streamlining, and expanding dealer network, especially in North America.
Financial highlights
Full-year sales declined 6% year-over-year to EUR 1.556 billion; Q4 sales down 4% year-over-year.
Comparable operating profit was EUR 213 million (down 2%), with a margin of 13.7%.
Net profit for the year was EUR 151 million; basic EPS EUR 2.34.
Cash flow from operations reached EUR 308 million for the year.
Operative ROCE improved to 30.8% (from 28.2%).
Outlook and guidance
2026 comparable operating profit margin expected to exceed 13%, with EUR 20 million cost savings planned.
Gradual recovery anticipated in EMEA and APAC; U.S. demand expected to remain stable but subdued.
System development to improve cost efficiency will increase group admin costs by EUR 5 million in 2026.
Detail 2025 margin drivers despite lower sales?
What are the expected impacts of the 2026 cost program?
How did regional order trends affect 2025 sales?
What indicates US delivery equipment demand trough?
Net impact of 2026 cost changes on margin?
ING acquisition's role in Americas sales growth?
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Next Hiab earnings date
AGM 202624 Mar, 2026
Hiab
Next Hiab earnings date
AGM 202624 Mar, 2026
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