Ependion AB (EPEN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Ependion Q2 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 Shadal and EVP and CFO Joachim Lorien. Please go ahead. Thank you very much. Good afternoon, everyone. And thank you for joining us today. With me, as usual, I have Joakim Larén, CFO. located in Malmö. I myself am sitting in Västerås today. So the agenda is the same as usual. I will start by giving a general business update. And after that, Joakim will walk you through some more details on the financials. And I will finish off with some concluding notes and our outlook. And after that, we will open up for Q&A. All right, let's dive right into it. So we have now delivered three consecutive quarters of strong order intake growth, which is increasingly translated into sales growth and also improved profitability. So order intake up 24% or 15% adjusted for acquisitions and currency effects. We see broad-based order booking across both business entities and across most of our key segments. On the sales side, we did achieve a record sales level of 682 million. That's 22% up year on year, where of 10% organic and currency adjusted. And the book to build for the quarter ended up at 1.02%. The profitability improved despite continued investments in various growth initiatives and also despite, as we will see, some non-recurring costs in Vestimo. EBITDA grew by 30% to 84 million Swedish kronor, lifting the margin then to 12.4 compared to 11.6 last year. On the free cash flow side, we had a bit of a challenging quarter. We achieved 40 million SEK. And the main reason for working capital increase was actually that we had a lot of invoicing towar...