Apr 29, 2025 / 12:00PM GMT
Jenny Sjoedahl - Ependion AB - President, Chief Executive Officer
Thank you. Hi, everyone, and welcome to the quarter one update for Ependion. As usual, it is myself and Joakim Lauren hosting the call, myself being in Västerås today and Joakim is in Malmö. So the agenda is almost as usual with one exception. We are going to share a say a few words on the recent acquisition of Welotec. Apart from that, the agenda looks like it usually does.
So let's move into a business update for the quarter then in general. Well, it was an eventful first quarter for Ependion, lots of activities and progressive investments in combination with a cost-saving program, as you have probably seen. The highlight for the quarter was that order intake increased by 5%, and both business entities contributed to this, Westermo with 2% and Beijer Electronics with 8%. Sales, however, came in lower than last year, driven by both business entities.
Could be important to remember that Westermo, in particular, had a very strong comparison quarter in 2024 due to some catching-up effects from the component crisis in '23.
Q1 2025 Ependion AB Earnings Call Transcript
Apr 29, 2025
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