Slide 1: Q4 2024: Stronger order intake and result conclude a challenging year
Q4 2024 Stronger order intake and result conclude a challenging year January 31, 2025
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda January 31, 2025
AGENDA JANUARY 31, 2025 Business Update Jenny Sjödahl Financial Performance Joakim Laurén Concluding Notes and Outlook Jenny Sjödahl Q&A
Slide 4: 4th quarter above expectations
4th quarter above expectations The 4th quarter exceeded our expectations with an order intake at +20% across business entities and focus segments. Stable overall sales with a sequential step-up driven mainly by Westermo. Strong gross margin in Westermo while Beijer Electronics was affected by
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo Orders showed a step-up in Q4 compared to the last five quarters driven by higher demand in all focus segments. Train segment doubled compared to the low third quarter. Sales also increased sequentially with +29% from the low Q3 and ended quite
Slide 6: Ependion ― sequential bounce back in order intake and sales
Ependion ― sequential bounce back in order intake 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 450 1 800 MSEK by LTM MSEK by Qtr MSEK by Qtr 400 1 600 400 1 600 350 1 400 350 1 400
Slide 7: Ependion ― increase in order intake and profitability
Ependion ― increase in order intake and profitability Q4 Q4 FY FY MSEK % % 2024 2023 2024 2023 Comments to Q4 Order intake 572.3 478.0 20% 2,038.9 2,307.0 -12% Sales 578.2 589.7 -2% 2,258.1 2,470.6 -9% Earnings and profitability increased, driven by stronger EBIT 65.5 61.5 7% 250.9 321.7 -22% gros
Slide 8: Westermo ― strong order intake and all-time high profitability
Westermo― strong order intake and all-time high profitability Q4 Q4 FY FY MSEK % % 2024 2023 2024 2023 Comments to Q4 Order intake 354.6 277.4 28% 1,236.8 1,421.6 -13% Sales 347.2 361.9 -4% 1,316.6 1,444.0 -9% Step-up of order intake compared to last five quarters EBIT 61.6 55.7 11% 198.9 237.7 -1
Slide 9: Beijer Electronics ― improved order bookings, unfavourable mix
Beijer Electronics ― improved order bookings, unfavourable mix Q4 Q4 FY FY MSEK % % 2024 2023 2024 2023 Comments to Q4 Order intake 219.0 201.1 9% 806.9 891.5 -9% Sales 232.3 228.3 2% 946.3 1,032.9 -8% Order bookings improved compared to last year and EBIT 19.2 18.9 2% 106.0 133.7 -21% sequentiall
Slide 10: Beijer Electronics phase-out volumes
Beijer Electronics phase-out volumes As informed in the Q1 2024 report and in present Financial Statement 2024; the total volumes of low-margin products phase-out : Sales in MSEK 2023 2024 view 2025 Display Solutions Asia 50 30 0 Other low-margin products 70 70 20 Total 120 100 20 As volumes are pha
Slide 11: Concluding notes by Jenny
Concluding notes by Jenny The fourth quarter marked a shift from the hesitant pattern that characterized much of 2024. Still too early to say if it is a trend shift as external factors remain uncertain. Our cautious approach to costs remains. Medium and long term we are confident about our abili
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 strong underlying growth and has favorable conditions to achieve both growth and profitability targets in the mid-term. In the near term, significant uncertainty remains regarding both geopolitical and economic developments, but we are carefully o
Slide 14: =) ependion
=) ependion