Q1 2026 Engcon AB Earnings Call Transcript
Key Points
- Engcon AB (CHIX:ENGCBs) reported strong growth in both order intake and net sales, with organic growth of 27% in Q1.
- The company launched a new 1-2-3 series for Tiltrotators, simplifying product offerings and enhancing customer value.
- Europe and the Nordics remain key growth regions, with Europe reaching record levels in order intake.
- Participation in key industry events like CONEXPO in Las Vegas and roadshows in Norway helped build market awareness and customer engagement.
- Despite challenges, Engcon AB (CHIX:ENGCBs) remains confident in long-term growth prospects, particularly in North America and Asia-Oceania.
- Margin pressure continues, with a gross margin of 38% for the quarter, impacted by currency effects and product mix.
- Higher costs, including those related to trade shows and ERP projects, have affected profitability.
- The U.S. market remains flat due to tariffs and uncertainty, impacting order intake in the Americas.
- Asia-Oceania experienced a decline in both order intake and net sales, reflecting significant fluctuations in the region.
- The EBIT margin declined from 18.8% to 15.7%, with higher operating expenses and weaker gross margins affecting earnings leverage.
Good morning and welcome to ENGCON's Q1 report presentation. My name is Krister Blomgren and with me today, as usual, I have our CFO, Marcus Asplund. And today we also have our next CEO, largest shareholder, board member, and founder, Stig Engström with us.
We will guide you through our Q&A report and also answer questions in the Q&A afterwards.
With that, we're going into the presentation.
We're starting with the business highlights.
And we are off to a flying start in 2026 with a strong growth in both order intake and net sales.
Europe continues to be our key growth region going forward, and in Q1, we reach a new record level for order intake in the region.
The Nordic region, which made a strong comeback in 2025, is still performing well and delivering solid sales growth. At the same time, margin pressure remains and continues into 2026. So, despite higher sales, we are not yet seeing the operating leverage we want. We will talk more about that later on.
During the quarter,
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