Sweden · Delayed Price · Currency is SEK engcon AB Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw record net sales and margin recovery, driven by strong Nordic performance and cost discipline, despite SEK 13 million in restructuring costs. Outlook remains positive for the Nordics and Europe, while Americas and Asia-Oceania are expected to stay flat.
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Order intake and net sales saw robust organic growth, led by Europe and the Nordics, but margin pressure persisted due to currency, product mix, and ramp-up costs. Leadership transition announced, with renewed focus on core markets and profitability improvements targeted by year-end.
Fiscal Year 2025
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Q4 delivered 34% organic net sales growth and 12% order intake growth, led by the Nordics and Europe, but margins were compressed by currency effects and higher costs. Market share rose to 49%, and ERP implementation is expected to reduce costs after Q1 2026.
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Order intake hit record highs, especially in Europe and Asia-Oceania, while net sales remained flat year-over-year. Margins declined due to market mix and currency, but profitability and cash flow stayed solid. The long-term outlook is strong, with significant untapped market potential and new strategic partnerships.
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Q2 2025 delivered record net sales and order intake, with strong growth in the Nordics and Europe, especially in entry-level products. Margins were pressured by a stronger Swedish Krona and U.S. tariffs, but underlying demand and market penetration remain robust.
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Order intake rose 28% and net sales grew 14% year-over-year, led by strong demand in the Nordics and Europe. EBIT increased 40% with a 19% margin, and gross margin reached 46%. Currency volatility, supply chain risks, and tariffs remain key uncertainties.
Fiscal Year 2024
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Europe overtook the Nordics as the largest revenue region in 2024, with strong order intake and improved margins despite a weak excavator market. Investments in Asia and the Americas, new product launches, and a move to Nasdaq Stockholm Large Cap are set to drive future growth.
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Q3 2024 saw strong profitability with a 22% EBIT margin and 46% gross margin, driven by robust growth in Europe, while the Nordics and Americas remained weak. Outlook for the Nordics is cautious until Q1 2025, with minor price increases expected for 2025.
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Order intake rose 26% year-over-year, offsetting a 12% decline in net sales, with gross margin at 45%. Europe led growth, while Americas lagged; a stronger recovery is expected in 2025, especially in the Nordics.