Hiab (360) | Buy (Not Rated) | Lifting quality to new heights

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Hiab (360) | Buy (Not Rated) | Lifting quality to new heights

Release date: 15 June 2026Hiab Market data as of: 12 June 2026

Finland | Capital goods Beta Profile: MCap: EUR3.5bn

Buy (Not Rated)Lifting quality to new heights

Target Price: EUR70.00 (none)

What’s it all about? Current Price: EUR54.50

Following its separation from Cargotec in 2025, Hiab offers investors pure-play Up/downside: 28.4%

exposure to specialised load-handling solutions, with leading positions in loader Change in TP: none

cranes, truck-mounted forklifts, demountables, tail lifts, and recycling equipment. Change in Adj. EPS: none 26E/none 27E

Hiab is evolving from a cyclical truck-equipment manufacturer into a high-quality

niche industrial company, supported by market-leading brands, a global installed

base of over 350,000 units, growing service revenues, and structurally enhanced

profitability. While cyclical exposure remains, Hiab’s premium market positions,

technological leadership, cash generation, and expanding aftermarket support a

higher-quality valuation framework. The transformational acquisition of Labrie Hans-Joachim Heimbuerger

strengthens Hiab’s North American presence, increases exposure to the resilient Equity Research Analyst

waste and recycling market, and further enhances the group’s growth profile and +49 69 7569 6121

earnings quality. We reinitiate coverage with a Buy rating and a EUR70 target price. Capital goods research team

Biographies at the end of this document

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