Slide 1: Q3 2024: Margin protection and growth focus in a challenging market
Q3 2024 Margin protection and growth focus in a challenging market October 25, 2024
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda October 25, 2024
AGENDA OCTOBER 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 Q3 still challenging as expected with a continued weak demand affecting order bookings and sales. Ependion focus on strengthening our positions to be prepared to capture change in business climate, combined with short-term cost reductions to balance lower sales.
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo The weaker business climate continues to impact order bookings short term in all segments. Maintained market share. Underlying long-term demand within the focus segments assessed to be robust. Sales drop compared to record levels last year and a
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 Q3 Q3 YTD YTD FY MSEK % % 2024 2023 2024 2023 2023 Comments to Q3 Order intake 456.3 513.9 -11% 1,466.6 1,828.9 -20% 2,307.0 Sales 493.0 619.3 -20% 1,679.9 1,880.9 -11% 2,470.6 Earnings and profitability impacted by the lower sales EBIT 50.8 89.2 -43% 185.4 260.2 -29% 321.7 level compared
Slide 8: Westermo
Westermo Q3 Q3 YTD YTD FY MSEK % % 2024 2023 2024 2023 2023 Comments to Q3 Order intake 277.6 292.2 -5% 882.2 1,144.3 -23% 1,421.6 Sales 269.2 379.5 -29% 969.4 1,082.1 -10% 1,444.0 Orders and sales at similar levels in the quarter with EBIT 37.4 66.7 -44% 137.3 182.0 -25% 237.7 EBIT% 13.9% 17.6% 1
Slide 9: Beijer Electronics
Beijer Electronics Q3 Q3 YTD YTD FY MSEK % % 2024 2023 2024 2023 2023 Comments to Q3 Order intake 179.5 223.1 -20% 588.0 690.4 -15% 891.5 Sales 224.6 241.1 -7% 714.0 804.6 -11% 1,032.9 Stable order bookings of HMIs while phaseout of EBIT 25.8 30.7 -16% 86.8 114.8 -24% 133.7 Display Solutions impac
Slide 10: Concluding notes by Jenny
Concluding notes by Jenny The year 2024 will be a transitional year after the record strong 2023 with external factors remaining uncertain. The order book for the coming quarter is weak similar to what was stated last quarter. Medium and long term we are confident about our ability to continue o
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
Slide 13: Ependion
=) ependion