Slide 1: Q3 2025 Interim report
Q32025 Interim report Oct 28, 2025
Slide 2: Presenters
Presenters CEO Krister Blomgren CFO Marcus Asplund Tel +46 70 529 92 65 Tel +46 72 601 37 17 E-mail: krister.blomgren@engcon.com E-mail: marcus.asplund@engcon.com Q3 2025 2
Slide 3: Q3 business highlights
Q3 business highlights • Order intake reached record levels for a third quarter, strong performance in all regions. • Record-high order intake in Europe driven by continued market penetration and high activity level. • Strong order intake in Asia-Oceania, mainly driven by block orders in Japan. • Pr
Slide 4: engcon gains market share 2019–2024, +5 p.p.
ENGCON GAINS MARKET SHARE 2019–2024, +5 P.P. Prepared for engcon by Strategy& Core market shares Delta market share 2019-2024, Volume, % ’19-’241) 6% 6% 5% 5% 4% 5% Other2) 8% 6% 12% 10% 11% 9% SMP Parts -5 p.p. 18% 20% 20% Steelwrist +1 p.p. 19% 18% 19% 21% 22% 22% 20% Rototilt 0 p.p. 20% 21% 44% 4
Slide 5: Forecasted strong growth of 20% (CAGR)
FORECASTED STRONG GROWTH OF 20% (CAGR) Prepared for engcon by Strategy& Tiltrotator market development Forecast MSEK, % CAGR 6,132 +20% 5,107 4,279 3,600 3,088 2,601 2,516 2,636 1,941 2,095 1,757 1,624 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Notes: 1) Including engcon, Steelwrist
Slide 6: Continued strong penetration expected on engcon's key markets
CONTINUED STRONG PENETRATION EXPECTED ON ENGCON’S KEY MARKETS Prepared for engcon by Strategy& Penetration by country Key comments % of addressable excavators sold with tiltrotator • Significant opportunities remain in markets where engcon has a strong presence. • Germany and France expected to reac
Slide 7: Q3 figures in brief
Q3 figures in brief 4% 31% 43% 17% 40% Organic net Organic order Gross EBIT Return on capital sales intake margin margin employed Q3 2025 7
Slide 8: Record-high order intake for a third quarter
RECORD-HIGH ORDER INTAKE FOR A THIRD QUARTER Order intake and net sales development per quarter, MSEK Key comments Order intake Net sales • Order intake increased 27%, organic 31%, negative currency effect of 16 MSEK. 524 530 506 467 • Net sales increased 1%, 450 446 451 433 organic 4%, negative cur
Slide 9: Nordics
Nordics Q3 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 250 231 236 35%. 192 190 191 200 167 173 150 126 141 132 • Net sales increased organic 100 25%. 50 0 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 • Favorable demand outlook Strömsund Vasa Order intake Net sa
Slide 10: Europe
Europe Q3 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 250 204 202 206 20%. 200 176 185 182 185 197 172 163 150 • Net sales decreased organic 100 10%. 50 0 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 • Production allocation and Tewkesbury Order intake Net sales
Slide 11: Americas
Americas Q3 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 80 67 21%. 60 56 59 56 60 53 40 41 37 40 45 • Net sales increased organic 20 3%. 0 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 • Customers remain cautious Order intake Net sales due to ongoing uncertaintie
Slide 12: Asia-Oceania
Asia-Oceania Q3 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 60 49 117%. 50 43 35 35 37 38 40 30 24 27 34 24 • Net sales decreased organic Chungcheongnam-do Tokyo 20 2%. 10 0 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 • Regional growth primarily Order intake Ne
Slide 13: Financial development Q3 2025
Se över grävmaskinsmärken! Financial development Q3 2025 13
Slide 14: EBIT Development
EBIT Development EBIT and EBIT margin per quarter Key comments EBIT, MSEK EBIT margin, % • EBIT decreased 23% to 70 (91) MSEK, mainly due to lower -23% gross margin. 94 91 82 84 • EBIT margin decreased to 16.9% from 22.0%. 70 63 60 55 19 22.0 18.2 16.0 18.8 17.8 16.9 14.1 15.2 6.2 Q3-23 Q4-23 Q1-24
Slide 15: Overview of costs and EBIT
Overview of costs and EBIT 2025 2024 2025 2024 Key comments MSEK Q3 Q3 R12 FY Net sales 415 412 1,784 1,649 • Gross margin of 42.6% COGS -239 -222 -1,019 -923 (46.1) and 42.9% R12. Gross margin 42.6% 46.1% 42.9% 44.0% • Negative currency effects and Selling expenses -65 -65 -263 -262 less favorable
Slide 16: Cash flow
Cash flow Cash flow and net working capital overview, MSEK Operating cash flow per quarter, MSEK 2025 2024 2024 FY 144 MSEK Q3 Q3 108 107 96 Cash flow before changes in working capital 70 108 277 Inventories 493 333 339 42 32 13 20 Accounts receivables 290 297 227 -44 2023 2023 2024 2024 2024 2024 2
Slide 17: ROCE level
ROCE level Return on capital employed overview Average capital employed and ROCE MSEK 2021 2022 2023 2024 R12 Average capital employed, MSEK ROCE, % EBT 341 415 365 295 296 840 100 817 822 Interest expense 2 8 16 18 32 820 Capital employed, 80 800 beginning 699 735 765 781 795 of period 780 773 60 5
Slide 18: Financial targets
Financial targets Growth Profitability Capital efficiency Capital structure Exceed the growth in existing Have an EBIT margin in excess Continue to achieve an Maintain a strong capital market through organic growth. of 20 per cent, measured over industry-leading capital structure supporting further
Slide 19: Summary & Update
Summary & Update • Strong order intake confirms high demand in our key regions. Ska bytas mot Bauma-bild! • High order intake and a solid order book in Europe. Continued focus on securing capacity to convert the growing order book into revenue, while also meeting customer demand. • Updated market st
Slide 20: Looking ahead
Looking ahead "In the coming quarter, we expect continued stable demand driven primarily by the Nordic region and Europe. The Nordic region has returned to its historical seasonal pattern, which would indicate some pre-ordering effects ahead of the spring digging season. We are also seeing continued
Slide 21: Q&A
Q&A For more information visit www.engcongroup.com