Ependion AB (EPEN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Appendian Q1 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers, President and CEO Jenny Shaddoll and EVP and CFO Joakim Lorien. Please go ahead. Thank you very much. Welcome everybody to this Q1 presentation for Appendion. The headline of this report is record order intake and strengthened profitability as you have seen. So as usual it is myself and Joakim Lorén in the call and the agenda is similar to previous times even though we have changed the format of the presentation slightly. So I will start by giving a general business update and also looking into the two business entities then Joakim will dive more into the financials and finally I will give some concluding notes and outlook and after that we will open up for Q&A as usual. So summarizing the quarter, we have seen already in the fourth quarter of last year an increase in the activity level and increase in order intake and we are very pleased to see that this quarter the activity level has strengthened further and we have an order intake increase of 41% to the record high level of 778. million Swedish kronor and I'm pleased to see that this is driven by strong bookings in both business entities across basically all our focus segments and all geographies so it's a broad uptick that we are seeing and organically and in fixed currency the increase is 32 percent. As you probably know, there is a lag in our business between order intake and sales normally. So sales increased by 10 percent, but organically it was flat. And the book to bill ratio that already last quarter was way above one is now 1.3 for this quarter. You have probably noticed that we have changed o...