Ependion Ab · OMXSTO:EPEN
Ependion Ab — Q4 2023 Earnings Presentation
13 slides from Ependion Ab's earnings presentation, Jan 25, 2024
Slide 1: Q4 2023 Subdued demand ends record year
Q4 2023 Subdued demand ends record year
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda January 25, 2024
AGENDA JANUARY 25, 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 As expected, a fourth quarter in line with last year with regards to sales and earnings. The more mixed pattern in our business that was seen last quarter remains and the order bookings came in on a lower level compared to last year. Significantly affected by adju
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo The quarter offered a two-sided picture with continued good delivery pace while the orders came in lower than last year. We experienced some adjustments to the large order backlog booked in Q2 for a large Train customer in combination with a general
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 Q4 Q4 YTD YTD FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q4 Order intake 478.0 602.8 -21% 2,307.0 2,552.0 -10% 2,552.0 Sales 589.7 588.6 0% 2,470.6 2,128.4 16% 2,128.4 Earnings at similar level with an EBIT at +61 MSEK or EBIT 61.5 62.7 -2% 321.7 201.1 60% 201.1 10.4%. EBIT% 10.4% 1
Slide 8: Westermo
Westermo Q4 Q4 YTD YTD FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q4 Order intake 277.4 325.9 -15% 1,421.6 1,258.9 13% 1,258.9 Sales 361.9 299.6 21% 1,444.0 1,009.8 43% 1,009.8 Lower orders due to adjustments to large Train backlog EBIT 55.7 36.9 51% 237.7 104.7 127% 104.7 and weaker demand
Slide 9: Beijer Electronics
Beijer Electronics Q4 Q4 YTD YTD FY MSEK % % 2023 2022 2023 2022 2022 Comments to Q4 Order intake 201.1 278.6 -28% 891.5 1,302.1 -32% 1,302.1 Sales 228.3 290.6 -21% 1,032.9 1,127.6 -8% 1,127.6 Continued overall order booking levels as seen the last EBIT 18.9 40.3 -53% 133.7 145.1 -8% 145.1 quarter
Slide 10: Concluding Notes by Jenny
Concluding Notes by Jenny The full year 2023 is a new record year for Ependion in terms of sales, earnings and cash flow. More to do to reach our profitability target. High level of future-oriented activities building a stronger Ependion for 2024 and beyond. Our journey continues. Close focus
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, 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
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