Financials Hiab Oyj

Equities

HIAB

FI4000571013

Heavy Machinery & Vehicles

Market Closed - Nasdaq Helsinki Other stock markets 20:00:00 18/07/2025 +04			5-day change	1st Jan Change
55.50 ^EUR	+0.36%		+1.28%	+8.65%

07-10	Hiab to Close Marine Cargo Handling Business Sale Deal by July-end	MT
07-10	Hiab to Finalize MacGregor Sale at Month's End After Securing Regulatory Approvals	FW

Projected Income Statement: Hiab Oyj

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,263	3,315	4,089	4,569	1,647	1,559	1,628	1,740
Change	-	1.59%	23.34%	11.75%	-63.95%	-5.37%	4.47%	6.85%
EBITDA ¹	347.6	348.9	536	628.2	261.2	269.1	288.4	320
Change	-	0.37%	53.63%	17.2%	-58.42%	3.02%	7.18%	10.96%
EBIT ¹	203.6	231.5	332.1	513.3	217.1	230	244	273.7
Change	-	13.7%	43.46%	54.56%	-57.71%	5.94%	6.09%	12.16%
Interest Paid ¹	-35.9	-22.7	-	-30.8	-10.9	-5	-4.5	-4
Earnings before Tax (EBT) ¹	34.5	333.1	79	453	213.4	220.7	241.9	266.5
Change	-	865.51%	-76.28%	473.42%	-52.89%	3.44%	9.59%	10.17%
Net income ¹	8.1	246.7	23.9	346.9	1,067	168.5	181.9	204.7
Change	-	2,945.68%	-90.31%	1,351.46%	207.49%	-84.2%	7.97%	12.5%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	12/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	755.8	777	873	730	853	822	910	851	959	1,041	1,238	1,074	1,200	1,102	1,193	1,056	625	590.3	412.4	411	398.8	371.1	399.8	-	-
Change	-	2.8%	12.36%	-16.38%	16.85%	-3.63%	10.71%	-6.48%	12.69%	8.55%	18.97%	-13.28%	11.73%	-8.21%	8.31%	-11.48%	-40.81%	-5.55%	-30.14%	-0.34%	-2.98%	-6.93%	7.75%	-	-
EBITDA ¹	86.5	90	99.9	82.2	98.2	92.2	76.3	93.9	118.1	120.1	203.9	140.9	186.5	161	139.9	158.1	100.7	84	53.4	76.2	68.2	60.9	66.5	-	-
Change	-	4.05%	11%	-17.72%	19.46%	-6.11%	-17.25%	23.07%	25.77%	1.69%	69.78%	-30.9%	32.36%	-13.67%	-13.11%	13.01%	-36.31%	-16.58%	-36.43%	42.7%	-10.5%	-10.7%	9.2%	-	-
EBIT ¹	43.4	57	64.1	51.6	69.6	64.8	45.5	65.3	85.5	92.7	88.6	112.4	158.3	131.5	111.2	136.8	82.1	69.6	41	65.7	56.1	50.95	57.25	-	-
Change	-	31.34%	12.46%	-19.5%	34.88%	-6.9%	-29.78%	43.52%	30.93%	8.42%	-4.42%	26.86%	40.84%	-16.93%	-15.44%	23.02%	-39.99%	-15.23%	-41.09%	60.24%	-14.61%	-9.18%	12.37%	-	-
Charge d'intérêts ¹	-8.5	-7.5	-13.1	-6.3	-7.3	-5.6	-3.6	-7.3	-1.3	-6.8	-	-8.3	-9.5	-5.9	-7.1	-4.3	-0.5	-2.9	0.6	-1.7	-1	-1	-1	-1	-1
Earnings before Tax (EBT)	-28.1	38.3	4.5	18.3	37.5	272.6	4.7	30.2	46.2	43.2	-40.6	95.7	141	134.3	81.9	115.3	51.5	64.3	39.3	64.1	-	51	-	-	-
Change	-	236.3%	-88.25%	306.67%	104.92%	626.93%	-98.28%	542.55%	52.98%	-6.49%	-193.98%	335.71%	47.34%	-4.75%	-39.02%	40.78%	-55.33%	24.85%	-38.88%	63.1%	-	-	-	-	-
Net income ¹	-36.3	26.6	6.5	9.6	25.8	219.5	-8.2	21.1	40.8	28.9	-67.3	72.6	107.7	107.2	59.2	81.2	31.1	44.8	-159.5	46	41	36	41	-	-
Change	-	173.28%	-75.56%	47.69%	168.75%	750.78%	-103.74%	357.32%	93.36%	-29.17%	-332.87%	207.88%	48.35%	-0.46%	-44.78%	37.16%	-61.7%	44.05%	-456.03%	128.84%	-10.87%	-12.2%	13.89%	-	-
Announcement Date	17/07/20	22/10/20	04/02/21	28/04/21	28/07/21	28/10/21	03/02/22	27/04/22	20/07/22	26/10/22	02/02/23	27/04/23	20/07/23	26/10/23	01/02/24	30/04/24	08/08/24	23/10/24	12/02/25	30/04/25	-	-	-	-	-

¹EUR in Million

Estimates

Forecast Balance Sheet: Hiab Oyj

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	682	414	378	179	-69.9	-171	-224	-276
Change	-	-39.3%	-8.7%	-52.65%	-139.05%	-144.64%	-30.99%	-23.21%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	12/02/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Hiab Oyj

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
CAPEX ¹	20.8	80.2	81.1	65.6	64.05	52.25	56
Change	-	285.58%	-	-19.11%	-2.36%	-18.42%	7.18%
Free Cash Flow (FCF) ¹	219	40.3	354.8	410.5	102	142.3	157.3
Change	-	-81.6%	-	15.7%	-75.15%	39.54%	10.54%
Announcement Date	04/02/21	03/02/22	01/02/24	12/02/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Hiab Oyj

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	10.65%	10.52%	13.11%	13.75%	15.86%	17.26%	17.71%	18.39%
EBIT Margin (%)	6.24%	6.98%	8.12%	11.23%	13.18%	14.76%	14.98%	15.73%
EBT Margin (%)	1.06%	10.05%	1.93%	9.91%	12.95%	14.16%	14.85%	15.32%
Net margin (%)	0.25%	7.44%	0.58%	7.59%	64.75%	10.81%	11.17%	11.76%
FCF margin (%)	6.71%	1.22%	-	7.77%	24.92%	6.54%	8.74%	9.04%
FCF / Net Income (%)	2,703.7%	16.34%	-	102.28%	38.48%	60.54%	78.24%	76.87%
Profitability
ROA	0.97%	6.23%	-	8.1%	-	-	-	-
ROE	2.89%	17.35%	-	21.2%	2%	16.47%	16.9%	17.1%
Financial Health
Leverage (Debt/EBITDA)	1.96x	1.19x	0.71x	0.28x	-	-	-	-
Debt / Free cash flow	3.11x	10.27x	-	0.5x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.64%	2.42%	-	1.78%	3.98%	4.11%	3.21%	3.22%
CAPEX / EBITDA (%)	5.98%	22.99%	-	12.91%	25.11%	23.8%	18.12%	17.5%
CAPEX / FCF (%)	9.5%	199.01%	-	22.86%	15.98%	62.79%	36.71%	35.59%
Items per share
Cash flow per share ¹	3.852	0.8702	-	6.779	7.387	2.72	2.92	3.35
Change	-	-77.41%	-	-	8.97%	-63.18%	7.35%	14.73%
Dividend per Share ¹	1.08	1.08	1.35	2.15	2.39	1.275	1.405	1.503
Change	-	0%	25%	59.26%	11.16%	-46.65%	10.2%	7%
Book Value Per Share ¹	20.14	23.95	-	27.25	16.04	15.69	17.24	19.13
Change	-	18.92%	-	-	-41.14%	-2.17%	9.86%	10.98%
EPS ¹	0.13	3.82	0.37	5.38	16.55	2.515	2.822	3.17
Change	-	2,838.46%	-90.31%	1,354.05%	207.62%	-84.8%	12.23%	12.31%
Nbr of stocks (in thousands)	64,483	64,483	64,483	64,301	63,924	63,924	63,924	63,924
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	12/02/25	-	-	-