Slide 1: Q1 2026 Interim report
Q12026 Interim report April 29, 2026
Slide 2: Presenters
Presenters Stig? CEO Krister Blomgren CFO Marcus Asplund Stig Engström Tel +46 70 529 92 65 Tel +46 72 601 37 17 Tel +46 70 326 75 09 E-mail: krister.blomgren@engcon.com E-mail: marcus.asplund@engcon.com E-mail: stig.engstrom@engcon.com Q1 2026 2
Slide 3: Q1 business highlights
Q1 business highlights • Strong start to 2026 with high order intake and net sales growth. • Europe reported record order intake and the strong development in the Nordics continued. • Continued margin pressure from currency, mix effects, and production ramp-up costs. • Restructured tiltrotator offer
Slide 4: Q1 figures in brief
Q1 figures in brief 27% 10% 38% 16% 35% Organic net Organic order Gross EBIT Return on capital sales intake margin margin employed Q1 2026 4
Slide 5: Order intake and net sales on high levels
ORDER INTAKE AND NET SALES ON HIGH LEVELS Order intake and net sales development per quarter, MSEK Key comments Order intake Net sales • Order intake increased 6%, organic 10%, negative currency 557 effect of 21 MSEK. 524 530 539 539 506 498 467 • Net sales increased 21%, 446 451 433 450 organic 27%
Slide 6: Nordics
Nordics Q1 2026, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 300 236 253 266 247 18%. 250 231 190 191 167 173 175 200 150 • Net sales increased organic 100 33%. 50 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 • Strong start of the digging Strömsund Vasa Order intake
Slide 7: Europe
Europe Q1 2026, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 250 202 206 210 229 214 219 10%. 200 182 185 197 163 150 • Net sales increased organic 100 26%. 50 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 • Record high order intake of 214 Tewkesbury Order intake Net
Slide 8: Americas
Americas Q1 2026, Order intake and net sales, MSEK Key comments Per quarter • Order intake decreased organic 70 56 59 56 12%. 60 51 50 45 46 50 40 41 40 37 • Net sales increased organic 30 20 28%. 10 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 • Flat demand development Order intake Net sales following tariffs a
Slide 9: Asia-Oceania
Asia-Oceania Q1 2026, Order intake and net sales, MSEK Key comments Per quarter • Order intake decreased organic 60 49 5%. 50 44 35 37 38 34 40 30 24 25 31 32 • Net sales decreased organic Chungcheongnam-do Yokohama 20 3%. 10 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 • The region is characterized by Order int
Slide 10: Financial development
Se över grävmaskinsmärken! Financial development Q1 2026 10
Slide 11: Overview of costs and EBIT
Overview of costs and EBIT Key comments • Gross margin of 38.2% 2026 2025 2026 2025 (46.1) and 40.3% for R12. MSEK Q1 Q1 R12 FY Net sales 539 446 1,981 1,889 • Selling expenses increase COGS -333 -240 -1,183 -1,090 mainly driven by Conexpo. Gross margin 38.2% 46.1% 40.3% 42.3% • Administrative expen
Slide 12: EBIT Development
EBIT Development EBIT and EBIT margin per quarter Key comments • EBIT is on the same level as EBIT, MSEK +0% previous year and amounts to 84 (84) MSEK. EBIT margin, % 94 • EBIT margin decreased to 91 84 84 15.7% from 18.8%. 82 70 72 60 63 22.1 18.8 15.2 18.2 16.0 17.8 16.9 15,7 14.5 Q1-24 Q2-24 Q3-2
Slide 13: Cash flow
Cash flow Cash flow and net working capital overview, MSEK Operating cash flow per quarter, MSEK 2026 2025 2025 144 MSEK Q1 Q1 FY 108 Cash flow before changes in working 89 52 296 capital 62 42 Inventories 498 405 477 32 13 20 20 -44 Accounts receivables 416 282 257 2024 2024 2024 2024 2025 2025 202
Slide 14: ROCE level
ROCE level Return on capital employed overview Average capital employed and ROCE MSEK 2022 2023 2024 2025 R12 Average capital employed, MSEK ROCE, % EBT 415 365 295 290 312 1200 100 Interest expense 8 16 18 38 23 1000 955 80 Capital employed, 911 beginning 735 765 781 853 896 750 817 of period 773 8
Slide 15: Summary
SUMMARY • Strong start to the year – Solid order intake and net sales growth. • Europe, our key growth region, continues to serve as a strong growth engine. • Continued momentum in the Nordics. • Margin pressure despite higher sales – price adjustments implemented. • Launch of 1-2-3 series. Q1 2026
Slide 16: Q&A
Q&A For more information visit www.engcongroup.com Q1 2026