Slide 1: Q4 2025 Increased order intake in strong currency headwinds
Q4 2025 Increased order intake in strong currency headwinds January 26, 2026
Slide 2: Jenny Sjödahl, President & CEO and Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda
AGENDA January 26, 2026 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 Markets largely unchanged from previous quarters in 2025 and geopolitical uncertainty remains. Order intake increased 12% and adjusted for acquisitions and currency effects the increase was 4%. Westermo had a good quarter with a bounce-back compared to Q3 for the
Slide 5: Quarterly Business Update for the business entities
Quarterly Business Update for the business entities Westermo Orders at +22% and organically and currency adjusted at +3%. Sequential improvement for Train and Trackside segments. Welotec integration progresses very well and has already generated new business. Sales increase 6% due to the addit
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 1 800 450 1 800 MSEK by LTM 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 financial summary
Ependion Q4 Q4 FY MSEK % FY2025 FY2024 % 2025 2024 2024 Comments to Q4 Order intake 639.3 572.3 12% 2,253.4 2,038.9 11% 2,038.9 Sales 582.4 578.2 1% 2,231.8 2,258.1 -1% 2,258.1 Earnings at +58 MSEK or at 10.0%. EBIT 58.3 65.5 -11% 232.1 250.9 -8% 250.9 EBIT% 10.0% 11.3% 10.4% 11.1% 11.1% Negativ
Slide 8: Westermo
Westermo Q4 Q4 FY MSEK % FY2025 FY2024 % 2025 2024 2024 Comments to Q4 Order intake 432.1 354.6 22% 1,413.6 1,236.8 14% 1,236.8 Sales 368.6 347.2 6% 1,378.0 1,316.6 5% 1,316.6 Order growth of +22% and adjusted for FX and EBIT 52.7 61.6 -14% 204.4 198.9 3% 198.9 acquisitions at +3%. Book-to-bill at
Slide 9: Beijer Electronics
Beijer Electronics Q4 Q4 FY MSEK % FY2025 FY2024 % 2025 2024 2024 Comments to Q4 Order intake 208.1 219.0 -5% 844.1 806.9 5% 806.9 Sales 214.7 232.3 -8% 858.0 946.3 -9% 946.3 Order bookings at -5% and adjusted for FX at +3%. EBIT 18.4 19.2 -4% 78.6 106.0 -26% 106.0 EBIT% 8.6% 8.3% 9.2% 11.2% 11.2%
Slide 10: Concluding notes by Jenny
Concluding notes by Jenny The year 2025 was yet another year with geopolitical tensions that contributed to continued cautious markets. We mitigate these effects day-by-day while maintaining focus on the future. We continue to strengthen Ependion through investments in new technology, new acqu
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 strong underlying growth and has good medium-term conditions to achieve both its growth and profitability targets. In the short term, geopolitical and economic uncertainty persists, but we are cautiously positive regarding 2026.
Slide 13: Q&A
Q&A An 5) ependion
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