Slide 1: Q2 2023: New record for order intake, revenue, and profit
Q2 2023 New record for order intake, revenue, and profit in a mixed market
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda
AGENDA JULY 14, 2023 • Business Update Jenny Sjödahl • Financial Performance Joakim Laurén • Concluding Notes and Outlook Jenny Sjödahl • Q&A
Slide 4: Business Update for the quarter
Business Update for the quarter Q2 represents another record quarter for Ependion but with fragmented picture in business entities Record high order intake at 698 MSEK or +5%. Strong demand in Westermo, further weakening in Beijer Electronics. Sales at a new record of 638 MSEK or +20% vs last
Slide 5: Update by business entity
Update by business entity Westermo Another record quarter for Westermo. Demand continues to be strong−Train and Trackside developed particularly well. Orders boosted about 100 MSEK due to larger customer extending their order horizon. Westermo posted all-time-high earnings of 16.5% in the quarter de
Slide 6: Orders and Sales
Orders and Sales 750 Orders 3 000 750 Sales 3 000 700 2 800 700 2 800 650 2 600 650 2 600 600 2 400 600 2 400 550 2 200 550 2 200 500 2 000 500 2 000 450 1 800 MSEK by LTM MSEK by Qtr 450 1 800 MSEK by LTM MSEK by Qtr 400 1 600 400 1 600 350 1 400 350 1 400 300 1 200 300 1 200 250 1 000 250 1 000 20
Slide 7: Ependion
Ependion Q2 Q2 H1 H1 FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q2 Order intake 697.7 666.8 5% 1,315.0 1,328.4 -1% 2,552.0 Sales 638.4 533.2 20% 1,261.6 973.0 30% 2,128.4 Orders boosted by some 100 MSEK due to larger EBIT 85.8 40.8 110% 171.0 69.0 148% 201.1 customer extending order horizon.
Slide 8: Westermo
Westermo Q2 Q2 H1 H1 FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q2 Order intake 496.4 315.0 58% 852.1 618.4 38% 1,258.9 Sales 367.5 219.0 68% 702.5 447.4 57% 1,009.8 Strong order development. EBIT 60.5 7.5 707% 115.3 29.7 288% 104.7 EBIT% 16.5% 3.4% 16.4% 6.6% 10.4% Supply chain pacing up
Slide 9: Beijer Electronics
Beijer Electronics Q2 Q2 H1 H1 FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q2 Order intake 202.5 354.8 -43% 467.3 715.8 -35% 1,302.1 Sales 272.1 317.1 -14% 563.5 531.4 6% 1,127.6 Low order bookings due to market and changing EBIT 40.1 44.3 -9% 84.1 61.3 145.1 customer behaviour. Very strong l
Slide 10: Concluding notes by Jenny
Concluding notes by Jenny • Demand-wise a mixed picture with strong development in Westermo while market uncertainty affects Beijer Electronics. • Progress made in supply chains and good deliveries providing for stable results. Yet more to do to reach financial targets. • Full focus on execution and
Slide 11: Ependion Financial targets
Ependion Financial targets REVENUES PROFITABILITY DIVIDEND 10% average annual growth 15% operating margin (EBIT) A dividend-paying company −acquired growth added
Slide 12: Outlook
Outlook Ependion operates in attractive markets with good underlying growth and has good prospects for reaching both the growth and profitability targets. The high inflation and interest rates continue to affect the global economy, which has a negative impact on demand, above all in the manufacturin
Slide 13: Ependion
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