engcon AB (publ) (ENGCON_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to ENKON's Q2 report presentation. My name is Stig Engström, CEO, and with me today, I have our CFO, Markus Asplund. Let's take a look at what's happening during the quarter. One thing has probably not missed anyone's attention, the CEO change that took place May the 1st. My main task is to bring income back to the financial targets adopted by the board, 20% annual growth and 20% EBIT margin. I have begun the journey towards those targets and identified some focus areas. We go into them later, but it's about optimizing the product around customer needs, focusing on efforts on the right markets and creating the right conditions for the company's core functions. And of course, ensuring strong cost discipline throughout the company, including the decrease of stock levels. We can conclude that it was a good quarter. Revenue was strong and the margin shows a recovery, also including a 13 million Swedish crowns restructuring cost. It's a good result, which shows the strengths of our business model. At the same time, I know we have more to give. Now begins a new chapter in an old story, with focus on the core areas that built the company quickly, strongly, and profitably, back to basic. Let me explain this a little bit more in detail on the next slide. So, how will we reach the 2020 targets? It's never a good idea to do everything at once. It's about doing the right things in the right order. On the journey, I see the following areas as the most critical. We need the right product for the right market. Our most advanced solution in the EC3 platform for mature markets with the hardest competition Simpler configurations is good enough to open the door into markets where many customers have not yet bought their first tip potato. Growth where the condit...