engcon AB (publ) (ENGCON_B) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.082 -- 00:00:05.591 Hello and warm welcome to ENCOM's presentation for the second quarter of 2025. 00:00:05.591 -- 00:00:09.073 Thanks for joining us today. My 00:00:11.300 -- 00:00:16.448 name is Christer Blomgren. I'm the CEO at ENCOM and with me today is our CFO, 00:00:16.448 -- 00:00:22.477 Markus Asplund. We are eager to share some highlights and key numbers from our Q2 report. 00:00:22.477 -- 00:00:27.422 And after that, we will go into the Q&A where you can shoot your questions. 00:00:30.187 -- 00:00:33.211 Let's start with the positive highlights. 00:00:33.211 -- 00:00:35.834 We have had a really strong second quarter. 00:00:35.834 -- 00:00:39.339 Both net sales and order intake were at Q2 record levels. 00:00:39.339 -- 00:00:44.105 In fact, to find similar figures, we have to go back to our standout year, 2022. 00:00:44.105 -- 00:00:45.707 A 00:00:45.707 -- 00:00:50.273 big drive behind this growth has been the strong return of the Nordic region during the 00:00:50.273 -- 00:00:52.917 current digging season. 00:00:52.917 -- 00:00:57.983 We saw high activity and strong demand, especially because many contractors needed to 00:00:57.983 -- 00:01:00.545 replace aging excavators. 00:01:00.545 -- 00:01:05.351 and dealers had relatively low inventory levels coming into the season. 00:01:05.351 -- 00:01:10.478 It also was a solid tilt-rotator volume growth in Europe, especially in Germany and the 00:01:10.478 -- 00:01:15.004 Netherlands, a high number of tilt-rotator units were delivered to the market. 00:01:15.004 -- 00:01:19.169 It's a clear sign that we are changing the world of digging and doing it faster than 00:01:19.169 -- 00:01:21.169 ever. 00:01:21.872 -- 00:01:24.936 Of course, there were a few challenges too. 00:01:24.936 -- 00:01:31.442 T...