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Ependion
Ependion (EPEN) investor relations material
Ependion Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Jan, 2026
Executive summary
Order intake increased 12% year-over-year, or 4% adjusted for acquisitions and currency effects, reaching 639 MSEK in Q4; full-year order intake up 11% to 2,253 MSEK, 7% organic growth.
Sales reached SEK 582 million in Q4, up 1% year-over-year but down 2% when adjusted for currency and acquisitions; full-year net sales down 1% to 2,232 MSEK, a 5% organic decline.
EBIT for Q4 was SEK 58.3 million (10.0% margin), down from the prior year, mainly due to currency headwinds and acquisition-related amortizations; full-year EBIT was 232.1 MSEK (10.4% margin).
Free cash flow was strong at SEK 68 million in Q4; full-year free cash flow totaled 148.1 MSEK.
Major milestones included the Welotec acquisition, a minority stake in RazorSecure, and the addition of the defense industry as a focus segment.
Financial highlights
Q4 earnings per share rose to 1.37 SEK; full-year EPS was 4.73 SEK.
Net income increased to SEK 44 million in Q4; full-year profit after tax was 146.7 MSEK.
Book-to-bill ratio for Q4 was 1.10x, with backlog at SEK 1.1 billion.
Gross margins strengthened throughout the year in both business entities, supporting future operating leverage.
Equity ratio improved to 50.4% from 48.3% year-over-year.
Outlook and guidance
Management remains cautiously optimistic for 2026, citing attractive markets and ongoing investments in infrastructure, but notes continued geopolitical and economic uncertainty.
The group targets annual organic growth of at least 10% and an EBIT margin of at least 15% over the medium term.
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Next Ependion earnings date
Q1 202628 Apr, 2026
Ependion
Next Ependion earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
Ependion is a multinational, cross-industrial innovator that connects people, technology, and businesses. The company provides software, hardware, and services for the Industrial Internet of Things (IIoT) to increase their customers' competitiveness. By integrating industrial knowledge with experience from new technologies and IoT, the company aims to be an innovative partner for machine builders in meeting their requirements for reliable, flexible, intuitive and future-proof automation solutions.
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