Sweden's Ependion Q3 sales rise 22% on energy segment strength
Sweden's Ependion Q3 sales rise 22% on energy segment strength
Overview
Sweden technology group's Q3 net sales rose 22% yr/yr, with broad-based growth
Q3 EBITA margin strengthened to 14.3% from 12.2%
Company attributes results to higher volumes, gross margins, and cost restraint
Outlook
Ependion says geopolitical uncertainty expected to persist, with potential short-term effects on business
Company remains focused on profitable growth through investments in technology and new markets
Ependion confident about remainder of 2026 and ability to deliver profitable growth for full year
Result Drivers
ENERGY SEGMENT - Co said Westermo's order intake was driven by strong development in the energy segment across several markets and product areas
MARINE AND MANUFACTURING DEMAND - Co said Beijer Electronics' order intake rose due to increased demand in the marine segment and manufacturing industry
COMPONENT MARKET STRAINS - Co said inventory levels were adversely affected by strained component market and uncertainty about future developments
Company press release: ID:nMFN1BVgw
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 664 mln |
|
Q3 EPS |
| SEK 1.77 |
|
Q3 Net Income |
| SEK 56.90 mln |
|
Q3 Orders |
| SEK 565 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the integrated hardware & software peer group is "buy."
Wall Street's median 12-month price target for Ependion AB is SEK170.00, about 9.8% above its October 22 closing price of SEK154.80
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago
Reuters Recommended Reads
Oct 23 - Sweden's Beijer Alma Q3 revenue up 11%, order bookings rise 22%
Oct 23 - Sweden's Indutrade Q3 EBITA slightly beats estimates on strong order intake, pricing
Oct 23 - Sweden's Momentum Group Q3 revenue up 8% on Industry business strength
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.)