engcon AB (publ) (ENGCON_B) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.183 -- 00:00:04.530 Hello and warm welcome to ENKON's presentation for the first quarter of 2025. 00:00:04.530 -- 00:00:08.553 Thanks for joining us today. I'm 00:00:08.717 -- 00:00:14.126 Christer Blomgren, CEO at ENKON, and with me today is our CFO, Markus Asplund. 00:00:14.126 -- 00:00:18.733 We're excited to share some highlights and key numbers from our Q1 report. 00:00:18.733 -- 00:00:24.219 And after that, we'll jump into a Q&A where you can fire away with your questions. 00:00:26.693 -- 00:00:30.439 We're really happy to say that we are kicked off the year with a strong order intake, 00:00:30.439 -- 00:00:35.567 mainly driven by growing demand in the Nordics as everyone gears up for the upcoming 00:00:35.567 -- 00:00:37.590 digging season. 00:00:37.590 -- 00:00:42.678 Order intake was up by 28% and as I mentioned earlier, a big part 00:00:42.678 -- 00:00:46.841 of that comes from the strong momentum in the Nordics. 00:00:47.505 -- 00:00:53.457 Net sales for the quarter also grew nicely with a 14% increase compared to last year. 00:00:53.457 -- 00:00:56.801 And Europe continues to be a real bright spot for us. 00:00:56.801 -- 00:01:01.247 The awareness around tilt rotators just keeps growing. 00:01:01.247 -- 00:01:06.153 And Bauma made that crystal clear. Tilt rotators were everywhere at Bauma. 00:01:06.153 -- 00:01:11.841 Every major excavator manufacturer had machines equipped with tilt rotators on display. 00:01:11.841 -- 00:01:14.724 It's clear that tilt rotators have truly arrived in Europe. 00:01:14.724 -- 00:01:18.970 They are not just a new idea anymore. They are becoming the standard. 00:01:18.970 -- 00:01:23.090 There's a really strong momentum in the European market right now. 00:01:23.090 -- 00:01:28.819 Our operating profit increas...