Ependion AB (EPEN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome everybody to Appendion's Q4 report presentation. So as usual it's Joakim and myself. We are down here in Malmö today and the agenda looks the same as usual. So I will start with giving an overall business update. Then Joakim will move into the financial performance more in detail and then I will take the concluding notes and outlook and after that we will open up for questions and answers. So, looking at this quarter, well, first of all, we see that the market environment is largely unchanged compared to previous quarters in 2025. The geopolitical uncertainty remains, so that we can conclude. Nevertheless, order intake increased in the quarter by 12% and adjusted for the Velotech acquisition and negative currency effects, the increase was 4%. Vestimo had a good quarter. If you remember, we had a weak quarter in the quarter three, driven by weak order intake from the train segment. a little bit similar to last year that order intake bounced back now in this quarter so that was good to see and as we have pointed out many times order intake especially from the train segment can vary a lot from quarter to quarter Bayer Electronics showed growth adjusted for currency with three percent and the positive sign there is that the core offering which is of course part of the new strategy to be focusing on on the HMI product family that increased by 7% in currency adjusted numbers. Sales increased a little bit by 1% adjusted for acquisitions and currency. We saw a decrease by 2%. The Vestamo growth was in this quarter thanks to Velotech who had a good development. Whereas Bayer Electronics was impacted quite a lot by the phased out products that we have been talking about before compared to last year. That effect was actually some 20 million in th...