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Current outlook for 2025

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Current view #caption

<h4>February 12, 2025</h4>
<p>Hiab estimates the <strong>comparable operating profit margin</strong> for its continuing operations in 2025 to be over <strong>12.0 percent</strong> <em>(2024: 13.2 percent).</em></p>

Performance Targets Table 2028

<h3>Performance Targets</h3>
<p>The Hiab board has set the following financial targets for Hiab to measure success by 2028.</p>
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<td style="height: 22.3958px;">Targets</td>
<td style="height: 22.3958px;">Descriptions</td>
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<td style="height: 22.3958px;">&gt;7%</td>
<td style="height: 22.3958px;">Annual revenue growth during the cycle.</td>
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<td style="height: 22.3958px;">16%</td>
<td style="height: 22.3958px;">Comparable operating profit by 2028.</td>
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<td style="height: 44.7917px;">&gt;25%</td>
<td style="height: 44.7917px;">Return on invested capital defined as operating profit / operational capital.</td>
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<td style="height: 44.7917px;">SBTi</td>
<td style="height: 44.7917px;">Hiab intends to update the climate target and seek its validation from SBTi. The process will start in 2025.</td>
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<td style="height: 22.3958px;">&lt;50%</td>
<td style="height: 22.3958px;">Hiab aims to keep the debt ratio below 50%.</td>
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<td style="height: 22.3958px;">30-50% of EPS</td>
<td style="height: 22.3958px;">Hiab aims for a growing dividend that is 30–50% of EPS.</td>
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Performance goals image #text

Historical text

<h3>Updated outlook for 2024, 14 November 2024</h3>
<p>Cargotec estimates Hiab&rsquo;s comparable operating profit margin in 2024 to be above 14.0 percent.</p>
<p>The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.</p>
<h4>Background for the updated outlook</h4>
<p>The outlook for Hiab, which was specified on 23 October 2024, has not been amended. As the MacGregor will be reported as part of discontinued operations, the MacGregor business has been removed from Cargotec&rsquo;s outlook for 2024. The losses which will be recorded as part of the Transaction does not impact Cargotec&rsquo;s outlook. <a href="~/link/b30147d10be5475a92f52b4e4e49bea7.aspx">Additional information from the stock exchange release published on 14 November 2024</a>.</p>
<h3>Outlook for 2024 specified, 23 October 2024</h3>
<p>Cargotec estimates Hiab&rsquo;s comparable operating profit margin in 2024 to be above 14.0 percent and MacGregor&rsquo;s comparable operating profit in 2024 to be above EUR 65 million.</p>
<p>In its outlook specified on 8 August 2024, Cargotec estimated Hiab&rsquo;s comparable operating profit margin in 2024 to be above 13.5 percent and MacGregor&rsquo;s comparable operating profit in 2024 to be above EUR 55 million.</p>
<h3>Outlook for 2024 specified, 8 August 2024</h3>
<p>Cargotec estimates Hiab&rsquo;s comparable operating profit margin in 2024 to be above 13.5 percent and MacGregor&rsquo;s comparable operating profit in 2024 to be above EUR 55 million.</p>
<p>In its outlook initially published on 1 February 2024, Cargotec estimated Hiab&rsquo;s comparable operating profit margin in 2024 to be above 12 percent and MacGregor&rsquo;s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).</p>
<h3>Outlook for 2024 updated, 26 June 2024</h3>
<p>Cargotec Corporation (&ldquo;Cargotec&rdquo;) <a href="~/link/06893783bd034759841232e4b887a4f8.aspx">announced </a>on 26 June 2024 that Cargotec&rsquo;s Board of Directors has decided to complete the partial demerger of Cargotec (the &ldquo;Demerger&rdquo;) and that the completion of the Demerger and the incorporation of Kalmar as a separate new company would be registered on 30 June 2024. Cargotec updates its outlook for 2024 to take the anticipated completion of the Demerger into account.</p>
<h4>Updated outlook for 2024</h4>
<p>Cargotec estimates<sup>1</sup> Hiab&rsquo;s comparable operating profit margin in 2024 to be above 12 percent and MacGregor&rsquo;s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).</p>
<p><sup>1</sup> The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.</p>
<h4>Background for the updated outlook</h4>
<p>The outlook for Hiab and MacGregor businesses, which was originally published on 1 February 2024, has not been amended. As the Demerger is expected to be completed on 30 June 2024, the Kalmar business has been removed from Cargotec&rsquo;s outlook for 2024.</p>
<h3>Outlook for 2024 unchanged, 30 April 2024</h3>
<p>Cargotec estimates<sup>1</sup> Hiab&rsquo;s comparable operating profit margin in 2024 to be above 12 percent, Kalmar&rsquo;s comparable operating profit margin in 2024 to be above 11 percent, and MacGregor&rsquo;s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).</p>
<p><sup>1</sup> The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.</p>
<h3>Outlook for 2024, 1 February 2024</h3>
<p>Cargotec estimates<sup>1</sup> Hiab&rsquo;s comparable operating profit margin in 2024 to be above 12 percent, Kalmar&rsquo;s comparable operating profit margin in 2024 to be above 11 percent, and MacGregor&rsquo;s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).</p>
<p><sup>1</sup> The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.</p>

2024

Historical views #accordion

INDUSTRIES

APPLICATIONS

Applications

Capacity

Range

Application areas

Application area

Control system

LIFTING CAPACITY

Hoists

CE MARK

PRODUCT TYPE

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HIGH SEAT / CABIN

CONTROL SYSTEM

BOOM SYSTEM

Lifting capacity

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TRUCK GROSS VEHICLE WEIGHT

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VEHICLE TYPE

Ranges

System

Non foldable cranes with long firs boom and second boom in-line. Extension system with cylinders well protected inside.

Longer first boom - some models with extandable first boom, standard or longer second boom with hydraulic or chain driven extensions.

These crane types are often used in very special applications. Example, cannot be installed as a regular crane due to a very short column.

Can be parcked in transport position - T-crane - Hook and Hoist application crane. Characterized by Stiff boom system with hydraulic extensions.

A 'traditional' loader crane with hydraulic extensions where second boom is foldable beside with column - medium an heavy range modelscan also be equipped with Jib for extra-long outreach.

Concept as L-type, but can be folded with an accessory in the boom tip. In folding position is the second boom placed above first boom (reversed folding).

Application Areas

HIGH SEAT / CABIN123

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VEHICLE TYPE1321

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Targets	Descriptions
>7%	Annual revenue growth during the cycle.
16%	Comparable operating profit by 2028.
>25%	Return on invested capital defined as operating profit / operational capital.
SBTi	Hiab intends to update the climate target and seek its validation from SBTi. The process will start in 2025.
<50%	Hiab aims to keep the debt ratio below 50%.
30-50% of EPS	Hiab aims for a growing dividend that is 30–50% of EPS.