Ependion Ab · OMXSTO:EPEN
Ependion Ab — Q3 2026 Earnings Presentation
17 slides from Ependion Ab's earnings presentation, Oct 23, 2026
Slide 1: Interim Report Q3 2026
Interim Report Q3 2026 October 23, 2026 Investing in a secure and connected world Strong organic growth and significantly improved profitability
Slide 2: Jenny Sjödahl, President & CEO; Joakim Laurén, CFO
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda
Agenda ❑ Business update Jenny Sjödahl ❑ Financials Joakim Laurén ❑ Concluding notes and Outlook Jenny Sjödahl ❑ Q&A
Slide 4: Strong organic growth and significantly improved profitability
Strong organic growth and significantly improved profitability ✓ Sales increased organically by 22% to 664 MSEK, broad-based across focus segments and geographies. ✓ Order intake up 12% organically. Sequential drop due to weak Train bookings following a seasonal pattern. Book-to-bill of 0.85. ✓ EBIT
Slide 5: Westermo business entity
Westermo business entity MSEK Q3 2026 Q3 2025 % YTD 2026 YTD 2025 % FY 2025 Orders 343.1 305.2 112 1,292.9 981.4 132 1,413.6 ✓ Sales increased by 30% organically. Sales 434.7 334.4 130 1,273.9 1009.4 126 1,378.0 EBITA 81.4 50.6 161 214.8 160.6 134 221.1 ✓ Orders up 12% with strong demand in the Ener
Slide 6: Beijer Electronics business entity
Beijer Electronics business entity MSEK Q3 2026 Q3 2025 % YTD 2026 YTD 2025 % FY 2025 Orders 223.3 200.5 111 749.4 635.9 118 844.1 ✓ Sales up 10% to 230 MSEK. Sales 229.9 209.9 110 672.6 643.3 105 858.0 EBITA 30.6 26.3 116 83.2 61.8 135 80.8 ✓ Order intake increased 11%, driven by the EBITA% 13.3% 1
Slide 7: Agenda
Agenda ❑ Business update Jenny Sjödahl ❑ Financials Joakim Laurén ❑ Concluding notes and Outlook Jenny Sjödahl ❑ Q&A
Slide 8: Orders and sales development
Orders and sales development Orders +12% YTD vs Orders Q3 vs LY LY Sales +22% Total + 12% + 26% of organic + 11% + 19% 900 of acquisition 0% + 10% 800 of FX + 1% - 3% 700 600 QTD, MSEK (bars) 500 YTD vs Sales Q3 vs LY 400 LY 300 Total + 22% + 18% 200 of organic + 21% + 11% 100 of acquisition 0% + 9%
Slide 9: EBITA development
EBITA development +2.1 pp 120 18% 100 14.3% 15% 12.2% 12.5% 12.4% 11.6% 11.5% EBITA, MSEK (bars) 80 12% EBITA% (line) 9.7% 60 9% 40 6% 20 3% 0 0% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 EBITA QTD EBITA% QTD +43%
Slide 10: Income statement summary
Income statement summary Q3 Q3 Change, YTD YTD Change, MSEK 2026 2025 % 2026 2025 % FY 2025 Net sales 663.6 543.6 22% 1,942.9 1,649.4 16% 2,231.8 EBITA 95.0 66.5 43% 254.2 184.3 38% 251.1 EBITA-margin 14.3% 12.2% 13.1% 11.2% 11.2% EBIT 86.5 63.0 37% 229.6 173.7 32% 232.1 EBIT-margin 13.0% 11.6% 11.8
Slide 11: Free Cash Flow & Net debt/EBITDA
Free Cash Flow & Net debt/EBITDA Free Cash Flow Net debt/EBITDA* 100 3.0 80 80 2.5 68 60 62 60 60 56 2.0 QTD, MSEK 40 1.45 40 1.5 1.28 1.35 1.35 1.38 1.30 x 30 1.23 1.23 1.24 1.18 1.00 20 1.0 0 0.5 -8 -12 -9 - 20 0.0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3
Slide 12: Agenda
Agenda ❑ Business update Jenny Sjödahl ❑ Financials Joakim Laurén ❑ Concluding notes and Outlook Jenny Sjödahl ❑ Q&A
Slide 13: Concluding notes
Concluding notes ✓ Strong growth translated into higher profitability ✓ Both business entities contributed to the strong financial performance. ✓ Our investments, e.g. in Welotec and the X3 platform, are supporting further growth. ✓ Focus on securing component supply and mitigating cost increases ✓
Slide 14: Financial targets
Financial targets Growth Profitability The group shall have an The group shall reach an annual organic growth of at least EBITA margin of at least 10 % 15 % YTD: 11% YTD: 13.1% The group shall be a dividend-paying company.
Slide 15: Outlook
Outlook Ependion operates in attractive markets with solid underlying growth and has good medium-term prospects for achieving both its growth and profitability targets. In the short term, geopolitical and economic uncertainty persist. Following three strong quarters, we are confident about our abili
Slide 16: OxA
OxA An S\ ependion
Slide 17: B) ependion
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