Ependion Reports 24% Surge in Q2 Order Intake on Strong Segment Demand

Ependion (EPEND) on Monday reported a 24% year-over-year increase in order intake for the second quarter of 2026, reaching 695 million Swedish kronor (SEK), according to its interim report. The strong demand signals continued business momentum, which also translated into higher sales and improved profitability for the period.

Key Financial Highlights

The company's financial results for the quarter ending in June showed broad-based growth. Net sales rose 22% to SEK 682 million, or 10% when adjusted for currency effects and acquisitions.

Key performance indicators from the report include:

• EBITA: Grew to SEK 84.4 million, up from SEK 65.1 million in the same quarter last year.
• EBITA Margin: Improved to 12.4% from 11.6%, indicating enhanced operational efficiency.
• Profit After Tax: Increased to SEK 45.4 million from SEK 30.3 million.
• Earnings Per Share: Rose to SEK 1.41 from SEK 0.99.
• Free Cash Flow: Declined to SEK 40.0 million compared to SEK 62.4 million in Q2 2025.

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Segment Performance and Outlook

Both of Ependion's primary business entities contributed to the growth. The Westermo unit saw its order intake climb 26% to SEK 452 million, while the Beijer Electronics entity reported a 22% increase to SEK 244 million.

In a statement, CEO Jenny Sjödahl highlighted that demand was strong across most prioritized segments, with a particular strength in the energy sector. Sjödahl also noted that the Beijer Electronics business demonstrated "increased stability, growth and higher margins." The company's order backlog stood at a robust SEK 1,319 million at the end of the quarter, providing visibility for future revenue.

For the first half of 2026, Ependion's order intake grew 33% to SEK 1,473 million, while net sales rose 16% to SEK 1,279 million. The company also noted that it changed its primary operating profit measure from EBIT to EBITA during the reporting period.