Declared Dividend • May 20
Dividend of kr0.50 announced Shareholders will receive a dividend of kr0.50. Ex-date: 2nd October 2026 Payment date: 8th October 2026 Dividend yield will be 9.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 17
engcon AB (publ) to Report Fiscal Year 2026 Results on Feb 16, 2027 engcon AB (publ) announced that they will report fiscal year 2026 results on Feb 16, 2027 Duyuru • Oct 28
engcon AB (publ) to Report Nine Months, 2026 Results on Oct 29, 2026 engcon AB (publ) announced that they will report nine months, 2026 results on Oct 29, 2026 Duyuru • Oct 03
engcon AB (publ), Annual General Meeting, May 05, 2026 engcon AB (publ), Annual General Meeting, May 05, 2026. Duyuru • May 16
engcon AB (publ) Approves Dividend for the Year Ended December 31, 2025, Payable on May 22, 2025 and October 16, 2025 engcon AB (publ) in its annual general meeting of shareholders held on 15 May 2025 resolved, in accordance with the board of directors' proposal, that dividend shall be distributed in a total amount of SEK 1.0 per share to be paid on two occasions. The general meeting resolved that record day for the first payment of SEK 0.5 per share shall be 19 May 2025 and that record day for the second payment of SEK 0.5 per share shall be 13 October 2025. The first payment is estimated to be distributed by Euroclear Sweden AB on 22 May 2025 and the second payment on 16 October 2025. Duyuru • Feb 22
engcon AB (publ), Annual General Meeting, May 15, 2025 engcon AB (publ), Annual General Meeting, May 15, 2025. Location: at engcon nordic ab in stromsund, Sweden Duyuru • Dec 20
engcon AB (publ) to Report Fiscal Year 2024 Results on Jan 21, 2025 engcon AB (publ) announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Jan 21, 2025 Buy Or Sell Opportunity • Nov 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €10.16. The fair value is estimated to be €8.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 165% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: kr0.40 (vs kr0.26 in 3Q 2023) Third quarter 2024 results: EPS: kr0.40 (up from kr0.26 in 3Q 2023). Revenue: kr412.0m (up 5.4% from 3Q 2023). Net income: kr60.0m (up 50% from 3Q 2023). Profit margin: 15% (up from 10% in 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Upcoming Dividend • Sep 23
Upcoming dividend of kr0.47 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 04 October 2024. Payout ratio and cash payout ratio are on the higher end at 93% and 94% respectively. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%). Reported Earnings • Jul 21
Second quarter 2024 earnings released: EPS: kr0.37 (vs kr0.55 in 2Q 2023) Second quarter 2024 results: EPS: kr0.37 (down from kr0.55 in 2Q 2023). Revenue: kr450.0m (down 11% from 2Q 2023). Net income: kr55.5m (down 33% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Duyuru • Jul 20
engcon AB (publ) to Report Fiscal Year 2024 Results on Mar 25, 2025 engcon AB (publ) announced that they will report fiscal year 2024 results on Mar 25, 2025 Duyuru • Jul 12
engcon AB Appoints Anders Smith as Chief Operating Officer, Effective as of 1 January 2025 engcon AB announced that it is strengthening its group management by creating a new role of Chief Operating Officer (COO). The change is being made to create better conditions for future expansion. The position will be filled by engcon's former Head of Sales Anders Smith, who is returning to the company. Anders Smith has a background in sales, marketing and business development at Scania where he has held various roles. During the years 2019-2023, Anders worked at engcon first as Regional Director and then as Head of Sales. Anders chose to leave engcon in August 2023 for a role as Head of Sales and Marketing at Veho CV, which is responsible for sales of Mercedes Benz trucks in Sweden, Finland and the Baltics. Anders assumes the position as of 1 January 2025. Declared Dividend • May 05
Dividend of kr0.47 announced Shareholders will receive a dividend of kr0.47. Ex-date: 30th September 2024 Payment date: 4th October 2024 Dividend yield will be 6.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (37% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 141% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €7.58, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 2.1% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.91 per share. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: kr0.32 (vs kr0.93 in 1Q 2023) First quarter 2024 results: EPS: kr0.32 (down from kr0.93 in 1Q 2023). Revenue: kr394.0m (down 43% from 1Q 2023). Net income: kr47.0m (down 67% from 1Q 2023). Profit margin: 12% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Upcoming Dividend • Apr 26
Upcoming dividend of kr0.47 per share Eligible shareholders must have bought the stock before 03 May 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: kr1.81 (vs kr2.01 in FY 2022) Full year 2023 results: EPS: kr1.81 (down from kr2.01 in FY 2022). Revenue: kr1.90b (down 2.1% from FY 2022). Net income: kr275.0m (down 9.8% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Duyuru • Mar 28
engcon AB (publ) to Report Q4, 2024 Results on Feb 21, 2025 engcon AB (publ) announced that they will report Q4, 2024 results on Feb 21, 2025 Declared Dividend • Mar 27
Final dividend of kr0.47 announced Shareholders will receive a dividend of kr0.47. Ex-date: 3rd May 2024 Payment date: 10th May 2024 Dividend yield will be 7.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (33% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 22
engcon AB (publ) to Report Nine Months, 2024 Results on Oct 29, 2024 engcon AB (publ) announced that they will report nine months, 2024 results on Oct 29, 2024 Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: kr1.81 (vs kr2.01 in FY 2022) Full year 2023 results: EPS: kr1.81 (down from kr2.01 in FY 2022). Revenue: kr1.90b (down 2.1% from FY 2022). Net income: kr275.0m (down 9.8% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Duyuru • Feb 22
engcon AB (publ) to Report First Half, 2024 Results on Jul 19, 2024 engcon AB (publ) announced that they will report first half, 2024 results on Jul 19, 2024 Duyuru • Feb 06
Engcon Announces CFO Changes engcon announced that it has recruited Marcus Asplund as the new CFO for the company. He will assume his position in August 2024 and will also join the company's group management. Marcus will replace Jens Blom, who had previously announced his resignation as CFO. The new CFO, Marcus Asplund, brings nearly two decades of experience from Scania, where he held diverse roles. Prior to joining engcon, he served as the CFO and COO for Traton Financial Services in Asia/Oceania since 2022. Marcus Asplund has extensive and solid experience from leading roles within Scania with comprehensive international experience. In addition to his current role in Asia/Oceania, he has previously been CFO for Scania China Group and CFO for Scania Middle East FZE. He is educated at Mid Sweden University with a master’s degree in Business and Economics and has also undergone several leadership training programs during his career at Scania. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.74, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 16% over the past year. New Risk • Nov 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Duyuru • Nov 03
engcon Announces the Resignation of Jens Blom as Chief Financial Officer engcon announced that Jens Blom has decided to leave his position as Chief Financial Officer (CFO). Jens will remain in the company as an accounting and tax specialist. The recruitment process to appoint a new CFO will start immediately. Jens will remain in the role of CFO until the new CFO has joined the company. Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr391.0m (down 6.0% from 3Q 2022). Net income: kr40.0m (down 47% from 3Q 2022). Profit margin: 10% (down from 18% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Duyuru • Oct 27
engcon AB (publ) to Report Fiscal Year 2023 Results on Mar 25, 2024 engcon AB (publ) announced that they will report fiscal year 2023 results on Mar 25, 2024 New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Duyuru • Oct 05
Engcon AB (Publ) Announces Members of the Nomination Committee engcon AB (publ) announced that the members of the Nomination Committee for companies Annual General Meeting in 2024 have now been appointed based on the shareholdings as of 31 August 2023. The Annual General Meeting in 2023 adopted instructions for the Nomination Committee’s composition and work within engcon. The Nomination Committee shall include members selected by each of the three larger shareholders in terms of voting rights that wish to participate in the committee. Members of the engcon Nomination Committee are: Monica Engström, Monen Holding AB, Peter Hofvenstam, Nordstjernan AB and Fredrik Carlsson, Svolder AB. Upcoming Dividend • Sep 22
Upcoming dividend of kr0.42 per share at 1.1% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.60, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 12x in the Machinery industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €4.89 per share. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Duyuru • May 16
The District Court Dismisses Rototilt's Lawsuit Against Engcon - No Damages Awarded As previously announced by engcon AB (engcon), in June 2022, the btiltrotator manufacturer Rototilt filed a lawsuit against engcon regarding alleged infringements of patented technology. Hearings were held at the Patent and Market Court during the month of March earlier this year, and on May 15, 2023 the district court announced its judgment in the case. The district court determines that there is no infringement and Rototilt’s action is therefore dismissed. engcon intends to further analyze the judgment and in what way it may affect engcon. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.09, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Machinery industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €4.97 per share. Reported Earnings • Apr 05
Full year 2022 earnings released: EPS: kr2.01 (vs kr1.65 in FY 2021) Full year 2022 results: EPS: kr2.01 (up from kr1.65 in FY 2021). Revenue: kr1.94b (up 30% from FY 2021). Net income: kr305.0m (up 23% from FY 2021). Profit margin: 16% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Reported Earnings • Feb 23
Full year 2022 earnings released Full year 2022 results: Revenue: kr1.94b (up 30% from FY 2021). Net income: kr305.0m (up 23% from FY 2021). Profit margin: 16% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to €7.10, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 13x in the Machinery industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €4.84 per share. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Net income: kr75.0m (up kr75.0m from 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Duyuru • Oct 21
engcon AB (publ), Annual General Meeting, May 04, 2023 engcon AB (publ), Annual General Meeting, May 04, 2023. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €6.03, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 10x in the Machinery industry in Germany.