Hiab Debt Investors: Key Figures and Reports | Hiab Financial Information and IR Contacts

Debt investors

Debt Investors

In this section, you can find information about Hiab's financing structure, interest rates, and outstanding debt instruments. For more information, see Reports and Presentations.

Information is updated quarterly.

Key Figures

MEUR	2021	2022	2023	2024	2025	06/2026
Net Debt	414	378	179	-186	-209	-155
Gearing	26.8%	24.8%	10.2%	-18.1%	-20.7%	-15.3%
Equity/Total Assets	40.6%	39.2%	43.8%	47.6%	62.8%	39.6%
Net Working Capital	184	286	329	54	249	278

Net Debt, June 30, 2026

Type	Amount (MEUR)
Lease Liabilities	95
Bank Overdraft	0
Loans from Financial Institutions	901
Corporate Bonds	150
Other Interest-Bearing Liabilities	14
Cash and Cash Equivalents	-1,314
Net Debt	-155

Hiab has a syndicated credit limit of 330 MEUR, which matures in December 2029. Currently, the limit is unused.

In addition to general terms, Hiab has a financial covenant in its financing agreements and credit limit (RCF) that restricts its capital structure. According to the covenant, Hiab's equity ratio must remain below 125 percent.

Hiab has not applied for a credit rating from any credit rating agency.

Interest Rates, June 30, 2026

Instrument	Avg. Interest Rate	Book Value (MEUR)	Nominal Value (MEUR)
Corporate bonds	1.63%	150	150
◦ 2019-2026	1.63%	150	150
Bilateral bank loans, subsidiary external loans	3.72%	918	921
Cash pool overdrafts		0	0

Maturity Profile, June 30, 2026

Instrument (MEUR)	2026	2027	2028	2029	2030	Later
Corporate Loans, Loans from Financial Institutions and Credit Limits	153.5	200.6		299.1		398.3
Lease Liabilities^*	11.0	19.8	16.2	13.7	11.7	22.4
Other Interest-Bearing Liabilities	2.4	4.6	3.5	2.2	1.0	0.1
Total on Balance Sheet	166.9	225.0	19.7	315.0	12.7	420.8

^* The detailed maturity profile of lease liabilities is reported annually and assessed in interim reports.

Outstanding Debt Instruments

150 MEUR Bonds (maturing 2026)

Cargotec Corporation decided on September 13, 2019, to issue two unsecured bonds with a total nominal value of 250 million euros. The first bond of 100 million euros matured on January 23, 2025, with a fixed annual interest rate of 1.250 percent (ISIN: FI4000399688). The second bond of 150 million euros will mature on September 23, 2026, with a fixed annual interest rate of 1.625 percent (ISIN: FI4000399696). The bond prospectuses for listing on Nasdaq Helsinki Oy are available via the link below.

Bond Prospectuses