Slide 1: Q3 2025 Earnings improvement and continued investments
Q3 2025 Earnings improvement and continued investments October 21, 2025
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda October 21, 2025
AGENDA OCTOBER 21, 2025 Business Update Jenny Sjödahl Minority Investment in RazorSecure 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 Market still characterized by uncertainty and caution. Orders increased by 11% and adjusted for acquisitions & currency effects the increase was 3%. Westermo had a weak quarter for the Train segment. Beijer Electronics show a growth of 12% where the HMI products c
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo Orders at +10% and organically and currency adjusted at -6%. The weaker order intake was due to temporary decline primarily in the Train segment due to holiday effects. Welotec continue to develop very well with good growth and contributes well
Slide 6: Westermo Acquires Minority Stake in Rail Cybersecurity Company
Westermo Acquires Minority Stake in Rail Cybersecurity Company After the end of the period, Westermo has entered into an agreement to acquire a minority stake in the UK-based software company RazorSecure Limited. RazorSecure is a leading specialist in cybersecurity software solutions for the rai
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 1 800 450 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 8: Ependion Q3 results
Ependion Q3 Q3 YTD YTD FY MSEK % % 2025 2024 2025 2024 2024 Comments to Q3 Order intake 505.1 456.3 11% 1,614.1 1,466.6 10% 2,038.9 Sales 543.6 493.0 10% 1,649.4 1,679.9 -2% 2,258.1 Earnings improve to +63 MSEK or at 11.6%. EBIT 63.0 50.8 24% 173.7 185.4 -6% 250.9 EBIT% 11.6% 10.3% 10.5% 11.0% 11.
Slide 9: Westermo
Westermo Q3 Q3 YTD YTD FY MSEK % % 2025 2024 2025 2024 2024 Comments to Q3 Order intake 305.2 277.6 10% 981.4 882.2 11% 1,236.8 Sales 334.4 269.2 24% 1,009.4 969.4 4% 1,316.6 Order growth of +10% and adjusted for acquisitions EBIT 47.7 37.4 27% 151.8 137.3 11% 198.9 and FX at -6% due primarily to
Slide 10: Beijer Electronics
Beijer Electronics Q3 Q3 YTD YTD FY MSEK % % 2025 2024 2025 2024 2024 Comments to Q3 Order intake 200.5 179.5 12% 635.9 588.0 8% 806.9 Sales 209.9 224.6 -7% 643.3 714.0 -10% 946.3 Order bookings at +12% driven by strong HMI EBIT 25.7 25.8 0% 60.1 86.8 -31% 106.0 bookings at +22%. Book-to-bill at 0
Slide 11: Concluding notes by Jenny
Concluding notes by Jenny Ependion is well positioned in attractive markets. The strategic investments and continuous improvements we are driving make us well equipped for the future. We continue to see stable activity levels among our customers despite the challenging times. Medium and long t
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 has good prospects in the medium term to achieve both growth and profitability targets. In the short term, however, geopolitical and economic uncertainty remains, which is why the near-term outlook is difficult to assess
Slide 14: Q&A
Q&A An 5) ependion
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