engcon (ENGCON) Q1 2026 earnings summary

Executive summary

• Strong start to 2026 with record order intake and net sales growth, especially in Europe and the Nordics.

• Margin pressure persists due to currency effects, product mix, and production ramp-up costs.

• CEO transition announced: Stig Engström to replace Krister Blomgren from May 1.

• Restructured tiltrotator product offering into performance steps (Series 1, 2, and 3).

• Customer-focused activities included participation in CONEXPO and regional roadshows.

Financial highlights

• Net sales reached SEK 539 million, up 27% organically year-over-year.

• Order intake increased 10% organically, with a negative currency impact of SEK 21 million.

• Gross margin declined to 38.2% from 46.1% year-over-year.

• EBIT margin dropped to 15.7% from 18.8% year-over-year, with EBIT at SEK 84 million.

• ROCE at 35.1% for the rolling 12 months.

Outlook and guidance

• Pricing adjustments expected to support margins, with full effect anticipated in Q3.

• Focus on core markets (Nordics and Europe) and tighter geographic footprint.

• Profitability improvements targeted by year-end, with a long-term goal of 20% annual growth and 20% margin.

• Continued strong demand expected in the Nordics and Europe, while US and Asia-Oceania face headwinds.