Slide 1: Q2 2024: Investments for growth in a continued cautious market
Q2 2024 Investments for growth in a continued cautious market
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda July 15, 2024
AGENDA JULY 15, 2024 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 as expected affected by the weaker demand as seen the last twelve-month period. Balancing cost savings to offset lower volumes with forward-looking investments. Orders decreased compared to record quarter last year that included boost from the Group’s largest
Slide 5: Blu Wireless investment and strategic partnership
Blu Wireless investment and strategic partnership The rail industry is Westermo’s largest segment, and we are market leaders in products for onboard data communication networks. With the previous acquisitions of Neratec (2019), and Eltec (2021), we gained access to wireless technology for Train-
Slide 6: Business Update for the business entities
Business Update for the business entities Westermo The weaker economy impacts the order bookings in the 2nd quarter and last year included one-off volumes related to order horizon extensions. Customer activity still high and pipeline remains on good levels. Active cost- saving measures to adopt to l
Slide 7: 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 8: Ependion
Ependion Q2 Q2 YTD YTD FY MSEK % % 2024 2023 2024 2023 2023 Comments to Q2 Order intake 482.8 697.7 -31% 1,010.3 1,315.0 -23% 2,307.0 Sales 588.4 638.4 -8% 1,186.9 1,261.6 -6% 2,470.6 Earnings and profitability impacted by lower sales in EBIT 60.1 85.8 -30% 134.6 171.0 -21% 321.7 Westermo and unfa
Slide 9: Westermo
Westermo Q2 Q2 YTD YTD FY MSEK % % 2024 2023 2024 2023 2023 Comments to Q2 Order intake 294.3 496.4 -41% 604.6 852.1 -29% 1,421.6 Sales 336.5 367.5 -8% 700.2 702.5 0% 1,444.0 Order intake comparison disturbed by last year order EBIT 44.5 60.5 -26% 99.9 115.3 -13% 237.7 EBIT% 13.2% 16.5% 14.3% 16.4
Slide 10: Beijer Electronics
Beijer Electronics Q2 Q2 YTD YTD FY MSEK % % 2024 2023 2024 2023 2023 Order intake 189.6 202.5 -6% 408.5 467.3 -13% 891.5 Comments to Q2 Sales 253.0 272.1 -7% 489.4 563.5 -13% 1,032.9 Orders moving sideways on low levels – fifth quarter EBIT 29.6 40.1 -26% 61.0 84.1 -28% 133.7 EBIT% 11.7% 14.7% 12
Slide 11: Concluding notes by Jenny
Concluding notes by Jenny The challenging market conditions remain in the short term, and we see a weak orderbook also for the coming quarter. Medium and long term we are confident about our abilities to continue our profitable growth journey as demand for our products and solutions are driven b
Slide 12: 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 13: Outlook
Outlook Ependion operates in attractive markets with good underlying growth and, in the mid term, has good prospects for reaching both the growth and profitability targets. At the same time, there is still a great deal of uncertainty about the development in 2024, both in geopolitical and economic t
Slide 14: Ependion
<\ ependion