Q2 2026 Ependion AB Earnings Call Transcript
Key Points
- Ependion AB (FRA:TW4) reported a record sales level of SEK682 million, marking a 22% year-on-year increase, with 10% organic growth.
- The company achieved a 30% growth in EBITA to SEK84 million, improving the margin to 12.4% from 11.6% last year.
- The Energy segment, particularly supported by the Welotec acquisition, is becoming a major growth driver within Westermo, with sales up 28%.
- Beijer Electronics is showing increased stability, sales growth, and higher margins due to long-term transformation efforts.
- The company achieved EcoVadis Platinum status for sustainability, moving from Silver, which is positively received by customers.
- Free cash flow was challenging at SEK40 million, affected by high accounts receivable and elevated safety inventory levels.
- The memory circuit supply situation remains extremely strained, impacting the company's ability to secure supply.
- Westermo's EBITA margin was slightly lower than expected due to SEK8 million in non-recurring costs related to strategy and business improvement projects.
- The Train segment experienced a temporarily weaker trade market, leading to lower order bookings compared to the previous quarter.
- The manufacturing sector in Europe, a significant market for Beijer Electronics, is not showing signs of improvement, moving sideways.
Welcome to Ependion Q2 report 2026 presentation. (Operator Instructions) Now I will hand the conference over to the speakers, President and CEO, Jenny Sjodahl; and EVP and CFO, Joakim Lauren. Please go ahead.
Thank you very much. Good afternoon, everyone, and thank you for joining us today. With me, as usual, I have Joakim Lauren, CFO. Located in Malmo. I myself, I'm sitting in Westermo today. So the agenda is the same as usual. I will start by giving a general business update, and after that, Joakim will walk you through some more details on the financials, and I will finish off with some concluding notes and our outlook. And after that, we will open up for Q&A.
All right. Let's dive right into it. So we have now delivered three consecutive quarters of strong order intake growth, which is increasingly translated into sales growth and also improved profitability. So order intake up 24% or 15% adjusted for acquisitions and currency effects. We see a broad-based order booking across both
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