Press releases

engcon, the leading global manufacturer of tiltrotators, has once again been recognized with an award. This time, it is engcon and its CEO, Krister Blomgren, who are honored in the category “The Small Cap Presenter of the Year,” competing against, among others, Academia, Bravida, and Storytel. The commendation emphasizes the admirable presentation by engcon’s CEO,

engcon, the leading global manufacturer of tiltrotators, has secured an important order in the DACH region, including Germany, Austria, and Switzerland. This order, with a total value of 12 MSEK marks the first step of the collaboration with ZD – Solution KG, engcons new distributor in the region. The primary focus of this partnership is

engcon, the world’s leading manufacturer of tiltrotators, are implementing changes in its Group Management to reinforce its focus on global sales and growth in response to the demands of an expanding global market. Effective December 1, 2023, engcon’s Group Management will be expanded to include the four regional sales managers.“This strategic adjustment aims to strengthen

engcon, the leading global manufacturer of tiltrotators announces today 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

Third quarter 2023Order intake increased 7 per cent to SEK 347 million (324); organic order growth was 2 per cent.Net sales declined 6 per cent to SEK 391 million (416); organic net sales growth was -11 per cent.Operating profit declined 47 per cent to SEK 55 million (104) and the operating margin was 14.1 per

engcon will publish its interim report for the third quarter 2023 on Friday 27 October, at approximately 08:00 a.m. CEST. A webcasted conference call will be held at 11:00 a.m. CEST on the same day. The report will be presented by Krister Blomgren, CEO, and Jens Blom, CFO. The presentation will be held in English

The members of the Nomination Committee for engcon AB’s 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

Second quarter 2023 Order intake declined -34 per cent to SEK 341 million (519); organic order growth was -38 per cent.Net sales declined -5 per cent to SEK 508 million (534); organic net sales growth was -10 per cent.Operating profit increased 5 per cent to SEK 104 million (99) and the operating margin was 20.5

engcon will publish its interim report for the second quarter 2023 on Thursday 20 July, at approximately 08.00 a.m. CEST. A webcasted conference call will be held at 11:00 a.m. CEST on the same day. The report will be presented by Krister Blomgren, CEO, and Jens Blom, CFO. The presentation will be held in English

engcon are proud to announce the compatibility of engcon’s next generation of control system, DC3, with Cat® NGH ranging from 13 to 35t. This will make installation of engcon tiltrotators and control system on Caterpillar excavators easier than ever before. DC3 – The next generation of control system for engcon tiltrotators, is based on a

As previously announced by engcon AB (“engcon”), in June 2022, the tiltrotator 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 today, the district court announced its judgment in the case. The district

Today, on Thursday 4 May 2023, engcon AB held its annual general meeting of shareholders, at which the following main resolutions were adopted. Adoption of the balance sheets and income statementsThe general meeting resolved to adopt the balance sheet and the consolidated balance sheet as per 31 December 2022, as well as the income statement

First quarter 2023Net sales increased 55 per cent to SEK 691 million (447); organic net sales growth was 48 per cent.Operating profit increased 118 per cent to SEK 198 million (91) and the operating margin was 28.7 per cent (20.4).Order intake declined -30 per cent to SEK 408 million (582); organic order growth was -33

When the business magazine Affärsvärlden handed out its annual awards during a ceremony in Stockholm, engcon was awarded two prices: the Jury’s Grand price and the price for Quality in the Billionaire Class. At the event IPO of the Year, prices were awarded to the best IPOs in 2022. In addition to the Jury’s Grand

engcon will publish its interim report for the first quarter 2023 on Friday 28 April, at approximately 08.00 a.m. CEST. A webcasted conference call will be held at 10:00 a.m. CEST on the same day. The report will be presented by Krister Blomgren, CEO, and Jens Blom, CFO. The presentation will be held in English

The annual general meeting of engcon AB will be held on Thursday 4 May 2023 at 15.00 CEST at Folkets hus, Ramselevägen 6, Strömsund, Sweden. Registration begins at 14.00 CEST. Pursuant to the provisions in the articles of association of engcon, the board of directors has resolved that shareholders may also exercise their voting right

engcon’s Annual and Sustainability report for 2022 is as of today available. The Annual and Sustainability Report in Swedish as well as an English translation are available on www.engcongroup.com/investors/ in PDF format and as an attachment to this press release. The Swedish version is also available in European Single Electronic Format (ESEF).For more information, please

On March 14–18, the largest trade fair of the year, Conexpo 2023, was held in Las Vegas, USA. Swedish tiltrotator manufacturer engcon was on site to market the tiltrotator and its benefits for the North American market. Martin Engström, Product Manager at engcon, describes the interest in engcon’s products as greater than ever. engcon established

engcon is now taking an important step in its sustainability work by joining the Science Based Targets initiative (SBTi). With science-based emission targets, engcon is one of more than 4,000 companies worldwide leading the transformation towards a carbon neutral society. The Intergovernmental Panel on Climate Change has clearly warned that the world faces unavoidable multiple

On March 14–18, it’s time for the year’s largest machine trade show, CONEXPO-CON/AGG 2023, in Las Vegas, USA. The focus for engcon will be showcasing the tiltrotator and its benefits. At engcon’s booth, there will be three different excavators demonstrating the advantages of equipping an excavator with a tiltrotator. In addition to the tiltrotator taking

Fourth quarter 2022Order intake declined -29 per cent to SEK 553 million (774); organic order growth was -33 per cent.Net sales increased 46 per cent to SEK 541 million (370); organic net sales growth was 38 per cent.Operating profit increased 57 per cent to SEK 121 million (77) and the operating margin was 22.4 per

engcon will publish its interim report for the fourth quarter 2022 on Wednesday 22 February, at approximately 08:00 a.m. CEST. A webcasted conference call will be held at 11:00 a.m. CEST on the same day. The report will be presented by Krister Blomgren, CEO, and Jens Blom, CFO. The presentation will be held in English