Apr 29, 2025 / 08:00AM GMT
Krister Blomgren - Engcon AB - President, Chief Executive Officer, Director
Hello and warm welcome to Engcon's presentation for the first quarter of 2025. Thanks for joining us today. I'm Krister Blomgren, CEO at Engcon, and with me today is our CFO Marcus Asplund. We're excited to share some highlights and key numbers from our Q1 report. And after that we'll jump into a Q&A where you can fire away with your questions.
We're really happy to say that we are kicked off the year with a strong Order intake, mainly driven by growing demand in the Nordics as everyone gears up for the upcoming digging season. Order intake was up by 28% and it's, and as I mentioned earlier, a big part of that comes from the strong momentum in the Nordics.
Net sales for the quarter also grew nicely with a 14% increase compared to last year. And Europe continues to be a real bright spot for us. The awareness around tiltrotators just keeps growing, and Bauma made that crystal clear.
Tiltrotators were everywhere at Bauma. Every major excavator manufacturer had machines equipped with tiltrotators on
Q1 2025 Engcon AB Earnings Call Transcript
Apr 29, 2025
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