Slide 1: Q1 2025: Progressive future investments and cost savings in uncertain times
Q1 2025 Progressive future investments and cost savings in uncertain times April 29, 2025
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda April 29, 2025
AGENDA APRIL 29, 2025 Business Update Jenny Sjödahl Welotec acquisition Jenny Sjödahl & Joakim Laurén Financial Performance Joakim Laurén Concluding Notes and Outlook Jenny Sjödahl Q&A
Slide 4: Business Update for the quarter
Business Update for the quarter Eventful first quarter with both strategic investments and cost savings. Order intake increased by 5% where both business entities grow - Westermo at +2% and Beijer Electronics at +8%. Sales lower than last year with a strong comparison quarter for Westermo. A
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo Orders at +2% but somewhat lower sequentially as less of Train bookings in the quarter while Energy at stable levels. India entity inaugurated in the period and the first local order worth 11 MSEK was booked by the entity. Sales lower than the s
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 1 800 450 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 7: Welotec: accelerating growth in the energy segment and adding Edge Computing
Welotec ― accelerating growth in the energy segment and adding new technology with Edge Computing Focused on large customers in the energy and manufacturing industry segments Pioneer with 10+ years of experience in substation automation for critical energy infrastructure and rugged environments
Slide 8: Smarter grids: a fast-growing market
Smarter grids ― a fast-growing market 24% of global grid 40% > 40Y investments up to 3X of EU distribution grids are over 40 years old 2050 for digitalization by 2050 Transmission and distribution Total 5 trillion investments need €584 bn 2030* USD* to threefold* *McKinsey Global Energy *EU Commis
Slide 9: Welotec acquisition, facts and financing
Welotec acquisition, facts and financing Initial cash consideration of 35.2 MEUR (approx. 387 MSEK), on a cash and debt-free basis. A performance-based earn-out of up to 14.8 MEUR may be paid dependent on Welotec’s results in 2025-2026, to be settled in the first half of 2027. The acquisition
Slide 10: Ependion: order growth & challenging profitability
Ependion ― order growth & challenging profitability Q1 Q1 FY MSEK % 2025 2024 2024 Comments to Q1 Order intake 550.6 527.5 4% 2,038.9 Sales 545.1 598.5 -9% 2,258.1 Earnings at low 49 MSEK or 9.0%. Impacted negatively EBIT 49.2 74.5 -34% 250.9 by FX, unfavorable sales mix and non-recurring costs EB
Slide 11: Westermo: solid profitability development
Westermo ― solid profitability development Q1 Q1 FY MSEK % 2025 2024 2024 Comments to Q1 Order intake 316.7 310.3 2% 1,236.8 Sales 320.8 363.8 -12% 1,316.6 Order growth of +2% and a book-to-bill at 0.99. EBIT 50.5 55.4 -9% 198.9 Sales drop compared to last year that was particularly EBIT% 15.7%
Slide 12: Beijer Electronics: order growth and cost reduction program
Beijer Electronics ― order growth and cost reduction program Q1 Q1 FY MSEK % 2025 2024 2024 Comments to Q1 Order intake 235.4 218.9 8% 806.9 Sales 225.7 236.4 -5% 946.3 Order bookings at good +8% driven by strong HMI EBIT 15.2 31.4 -51% 106.0 bookings at +18%. Book-to-bill at 1.04 in the quarter.
Slide 13: Concluding notes by Jenny
Concluding notes by Jenny We do see high activity level among our customers despite the turbulent times. However, in the short term with threats of global trade barriers, the uncertainty is high. Our cautious approach to costs remains. Medium and long term we are confident about our ability to c
Slide 14: 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 15: 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 short term, however, geopolitical and economic uncertainty remains high, which makes the short-term outlook difficult to
Slide 16: Q&A
Q&A An 5) ependion
Slide 17: =) ependion
=) ependion