Slide 1: Q3 2023: New record result in continued mixed market
Q3 2023 New record result in continued mixed market
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda October 24, 2023
AGENDA OCTOBER 24, 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 Mixed picture with record result & operating margin and weaker order intake. Overall lower orders after seven quarters on 600+ level. Normalisation in Westermo and where the Train segment came in low after record levels in H1 and Beijer Electronics continues on si
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo Another record sales and result quarter for Westermo. Orders decreased somewhat due to low order bookings for the Train segment after record levels in H1. Customer activities in our focus segments still at good levels. Deliveries develops well as th
Slide 6: Ependion orders and sales
Ependion 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 450 1 800 MSEK by LTM MSEK by Qtr 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 1 000 200 800 20
Slide 7: Ependion
Ependion Q3 Q3 YTD YTD FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q3 Order intake 513.9 620.7 -17% 1,828.9 1,949.2 -6% 2,552.0 Sales 619.3 566.8 9% 1,880.9 1,539.8 22% 2,128.4 Earnings at record levels with EBIT at +89 MSEK or EBIT 89.2 69.4 28% 260.2 138.4 88% 201.1 14.4%. EBIT% 14.4% 12.2%
Slide 8: Westermo
Westermo Q3 Q3 YTD YTD FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q3 Order intake 292.2 314.6 -7% 1,144.3 933.0 23% 1,258.9 Sales 379.5 262.8 44% 1,082.1 710.2 52% 1,009.8 Weaker order development after record H1. EBIT 66.7 38.1 75% 182.0 67.8 169% 104.7 EBIT% 17.6% 14.5% 16.8% 9.5% 10.4%
Slide 9: Beijer Electronics
Beijer Electronics Q3 Q3 YTD YTD FY Comments to Q3 MSEK % % 2023 2022 2023 2022 2022 Order intake 223.1 307.8 -28% 690.4 1,023.6 -33% 1,302.1 Continued low order bookings due to market and Sales 241.1 305.7 -21% 804.6 837.0 -4% 1,127.6 changing customer behaviour. Sequentially increase EBIT 30.7 4
Slide 10: Concluding notes by Jenny
Concluding notes by Jenny Demand-wise a mixed picture with good customer activity in Westermo’s focus segments despite low order quarter, while market uncertainty affects Beijer Electronics. Stable development in our supply chains providing for another record earnings confirming the ability of t
Slide 11: Ependion Financial targets
Ependion Financial targets REVENUES PROFITABILITY DIVIDEND 10 % average annual 15 % operating margin A dividend-paying growth – acquired growth (EBIT) company 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 especially in the manufacturin
Slide 13: Ependion
<\ ependion