adminAki Vesikallio
Vice President of Investor Relations
Welcome to Hiab’s Full Year 2025 Results Call. My name is Aki Vesikallio. I’m from Investor Relations. Today’s results will be presented by CEO, Scott Phillips; and CFO, Mikko Puolakka.
As a reminder, please pay attention to the disclaimer in the presentation as we will be making forward-looking statements.
Before handing over to Scott and Mikko, let’s take a quick look at the highlights of the year. Market environment was characterized by increased trade tensions and uncertainties and our orders received remained at past 2 years level.
Sales declined by 6%, but we increased our comparable operating profit margin and achieved a new record of 13.7%. Also, our Services business had a record year. Strong cash generation continued, and we acquired ING Cranes, significantly expanding our presence in Brazil.
Let’s then view today’s agenda. First, Scott will present the group level topics and strategic development. Mikko will go through the reporting segments, financials in more detail and the outlook. After Mikko, Scott will join the stage for key takeaways before the Q&A session.
With that, over to you, Scott.
Scott Phillips
President & CEO
Thank you, Aki. And good morning, everyone, from my side. So starting first with the demand environment. I’d characterize the full year situation as our orders remaining on a similar level to the prior 2 years. As you can see visually on the left-hand side of
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