Sweden's Engcon Q1 net sales rise 21%, profit up 28%

Engcon AB

29/04/2026 07:15

Overview

Sweden tiltrotator supplier's Q1 net sales rose 21% yr/yr, organic growth 27%

Order intake up 6% yr/yr, profit for the quarter increased 28%

Operating margin fell to 15.7% from 18.8% due to currency and ramp-up costs

Outlook

Engcon did not provide specific financial guidance for the current quarter or full year

Result Drivers

NORDIC AND EUROPEAN DEMAND - Co said strong order intake and net sales were driven by continued high activity in the Nordic region and very strong development in Europe

MARGIN PRESSURE - Co cited margin pressure from currency effects, market and product mix, and costs related to production ramp-up

COMMERCIAL INITIATIVES - Co said it is strengthening its offering and presence through more customer-oriented product packaging, a pricing review, and customer-facing initiatives

Company press release: ID:nMFN38WzvZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 539 mln
Q1 Net Income
SEK 68 mln
Q1 Operating Margin
15.70%
Q1 Operating Profit
SEK 84 mln
Q1 Orders
SEK 557 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Engcon AB is SEK86.00, about 43.3% above its April 28 closing price of SEK60.00

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 33 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)