HydraSpecma has delivered its sixth consecutive quarter of solid growth, driven by both existing and new customers.

The first quarter delivered organic growth across all industrial segments and geographic markets, with Material Handling, Construction Equipment and Commercial Vehicles as the strongest growth drivers.

Despite turmoil across the entire global supply chain, HydraSpecma delivered an overall satisfying first quarter thanks to an impressively agile and highly customer -oriented organisation.

“Unfortunately, supply chain turbulence and logistical bottlenecks have continued. However, our relatively large inventories across 10 countries with a robust supplier base and our global strategy of “in the region for the region” have helped limit the impact on our customers in a highly challenging business environment” - Morten Kjær, Group CEO, HydraSpecma

During the first quarter, we also welcomed our new Dutch colleagues from GSS Hydraulics (HydraSpecma B.V.) to the HydraSpecma organisation.

HydraSpecma will continue to invest in technology and electrification to support our customers' evolving needs and requirements.