Q3 2025 Engcon AB Earnings Call Transcript
Key Points
- Engcon AB (OSTO:ENGCON B) achieved record order intake levels in Q3, with Europe matching its peak at SEK206 million.
- The company secured major orders in Japan, indicating strong momentum in the Asia-Oceania region.
- Strategic partnerships with Hitachi Construction Machinery and Develon were established, enhancing market presence and operational efficiency.
- An updated market study confirmed Engcon AB's strengthened market position and increased market share since 2019.
- The tiltrotator market is projected to grow by 20% annually through 2030, offering significant growth opportunities for Engcon AB.
- Operational challenges in scaling output and managing supply chains affected delivery potential, particularly in Europe.
- Net sales remained flat compared to the previous year, partly due to production capacity constraints in Europe.
- Component availability issues reduced capacity slightly during the quarter.
- The EBIT margin of 16.9% was below financial targets, impacted by lower net sales in Europe.
- Currency headwinds and a less favorable market mix contributed to a decline in gross margins compared to the previous year.
Good morning and welcome to Engcon's Q3 report presentation. My name is Kristy Blomberg, and I'm the CEO here at Engcon, and we'd meet today. And with me today, as usual, I have our CFO Marcus Asplund. We will guide you through our Q3 report and also answer questions in the Q&A afterwards.
With that, we jump into the presentation. This was a good quarter for us. In fact, our order intake reached record levels. We have never seen this kind of performance in the third quarter before, which is fantastic. Europe really stood out, matching its own peak at SEK206 million.
What is great is that it was, wasn't just one country driving the results. Several of our key markets perform well at the same time, which shows the strength of our overall position in the region. Asia-Oceania also had a really strong quarter. We secured major orders in Japan, and overall momentum in the region continues to look very encouraging.
And even though the big orders will be delivered into the market in 2026, and therefore impact the
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