Press releases

engcon’s Annual and Sustainability report for 2024 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

engcon, the leading global manufacturer of tiltrotators, has appointed Norio Takagi as Country Manager for engcon’s company in Japan. Norio Takagi comes most recently from Kobelco Construction Machinery where he worked as Senior Manager in various positions since 2017. engcon announced recently that the company started its own sales company in Japan. Now engcon is

Fourth quarter 2024Order intake increased 22 per cent to SEK 506 million (414); organic order growth was 22 per cent.Net sales increased 27 per cent to SEK 393 million (308); organic net sales growth was 27 per cent.Operating profit increased 231 per cent to SEK 63 million (19) and the operating margin was 16.0 per

engcon will publish its interim report for the fourth quarter 2024 on Friday 21 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 Marcus Asplund, CFO. The presentation will be held in English

Today, Nasdaq announced that engcon will be moved to Nasdaq Stockholm’s Large Cap segment. The move will take place on January 2, 2025. The move to Large Cap is based on the average market capitalization in November 2024. On Nasdaq Stockholm’s Large Cap, companies with a market value of EUR 1 billion or more are

The CEO of engcon, Krister Blomgren, has today sold 300,000 shares in engcon AB. On December 16, engcon’s CEO sold 300,000 shares in engcon at a price of SEK 107.20 per share. After the transaction, Krister Blomgren owns 959,400 shares in engcon AB.”I have sold part of my shares in engcon for personal financial reasons.

engcon, the world’s leading manufacturer of tiltrotators, is expanding its global presence by establishing a new sales company in Japan. This is a strategic move to strengthen engcon’s position in the Asian market and thus meet the growing demand for innovative solutions in the excavator industry. Japan is a large excavator market, with around 60,000

As a further step in its sustainability journey, engcon, the leading global manufacturer of tiltrotators, has officially joined the United Nations Global Compact Initiative. engcon is proud to announce that it has officially joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. The UN Global Compact invites companies to align their operations

Third quarter 2024Order intake increased 6 per cent to SEK 367 million (347); organic order growth was 8 per cent.Net sales increased 5 per cent to SEK 412 million (391); organic net sales growth was 8 per cent.Operating profit increased 65 per cent to SEK 91 million (55) and the operating margin was 22.0 per

engcon will publish its interim report for the third quarter 2024 on Tuesday 29 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 Marcus Asplund, CFO. The presentation will be held in English

The members of the Nomination Committee for engcon AB’s Annual General Meeting in 2025 have now been appointed based on the shareholdings as of 31 August 2024. 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

engcon, the leading global manufacturer of tiltrotators, has once again been recognized with an award. This time, it is the Carnegie Sustainability Award 2024 in the category of Best Newcomer. “We are proud to receive this award, sustainability is the driving force for our long-term growth and this is a further proof that we are

Second quarter 2024Order intake increased 27 per cent to SEK 433 million (341); organic order growth was 26 per cent.Net sales declined 11 per cent to SEK 450 million (508); organic net sales growth was -12 per cent.Operating profit declined 21 per cent to SEK 82 million (104) and the operating margin was 18.2 per

engcon will publish its interim report for the second quarter 2024 on Friday 19 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, the leading global manufacturer of tiltrotators, 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. “The establishment

Today, on Thursday 2 May 2024, 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 2023, as well as the income statement

First quarter 2024Order intake increased 1 per cent to SEK 410 million (408); organic order growth was 1 per cent.Net sales declined 43 per cent to SEK 394 million (691); organic net sales growth was -43 per cent.Operating profit declined 70 per cent to SEK 60 million (198) and the operating margin was 15.2 per

engcon will publish its interim report for the first quarter 2024 on Friday 26 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 (“engcon” or the “Company”) will be held on Thursday 2 May 2024 at 14.00 CEST at Folkets hus, Ramselevägen 6, Strömsund, Sweden. Registration begins at 13.30 CEST. Pursuant to the provisions in engcon’s articles of association, the board of directors has resolved that shareholders may also exercise their

engcon’s Annual and Sustainability report for 2023 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 April 24–27th, it’s time for the year’s biggest trade show for sustainable construction solutions and technologies, Intermat, in Paris, France. The focus for engcon will be its 3rd generation tiltrotator which is now available for sale. At engcon’s stand, there will be four different excavators demonstrating the advantages of a tiltrotator equipped excavator. In

Fourth quarter 2023Order intake declined 25 per cent to SEK 414 million (553); organic order growth was -26 per cent.Net sales declined 43 per cent to SEK 308 million (541); organic net sales growth was -43 per cent.Operating profit declined 84 per cent to SEK 19 million (121) and the operating margin was 6.2 per

engcon will publish its interim report for the fourth quarter 2023 on Wednesday 21 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. The presentation will be held in English and will be followed

engcon 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

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

engcon, the world’s leading manufacturer of tiltrotators, is strengthening its local presence in Norway by establishing its own sales company outside Oslo. Growth opportunities in the Norwegian market are considered good and a local presence builds valuable relationships with end costumers. engcon has operate in the Norwegian market since 1995. The establishment of its own

Third quarter 2022Order intake declined -5 per cent to SEK 324 million (341); organic order growth was -11 per cent.Net sales increased 16 per cent to SEK 416 million (359); organic net sales growth was 11 per cent.Operating profit increased 14 per cent to SEK 104 million (91) and the operating margin was 25 per

engcon, the leading global manufacturer of tiltrotators, quick hitches and accessories for excavators are happy to announce the introduction of the engcon Ready option for the Doosan DX225LC-7X series of excavators. The option is the result from an ongoing collaboration between Doosan and engcon with the aim to provide an integrated solution between tiltrotator control

The members of the Nomination Committee for engcon AB’s Annual General Meeting in 2023 have now been appointed based on the shareholdings as of 31 August 2022. The Annual General Meeting in 2022 adopted instructions for the Nomination Committee’s composition and work within engcon. The Nomination Committee shall include members selected by each of the

engcon will publish its interim report for the third quarter 2022 on Thursday 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

engcon will be exhibiting at Bauma, the world-leading exhibition for the construction industry, which will take place between 24-30 October in Munich, Germany. Bauma is a major international venue with visitors from all over the world. The company’s focus will be the third generation tiltrotator system that meets the contractors’ more stringent requirements for efficiency,

Second quarter 2022Order intake increased 20 per cent to SEK 519 million (431); organic order growth was 16 per cent.Net sales increased 35 per cent to SEK 534 million (395); organic net sales growth was 31 per cent.Operating profit increased 19 per cent to SEK 99 million (83) and the operating margin was 18.5 per

engcon will publish its interim report for the second quarter 2022 on Tuesday 23 August, 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

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE. Nordea Bank Abp, filial i Sverige (“Nordea”)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE. engcon AB (“engcon” or the “Company”), the

engcon AB (”engcon” or the “Company”), the world’s leading manufacturer of tiltrotators with a global market share of around 45 per cent, has noted that one of the Company’s competitors, Rototilt, today announced that Rotatilt has filed a lawsuit against the Company with the Swedish Patent and Market Court regarding alleged infringements of patented technology.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE. engcon AB (“engcon” or the “Company”), the

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE. engcon AB (“engcon” or the “Company”), the

engcon, the leading global manufacturer of tiltrotators, quick hitches and accessories for excavators, will launch its third product generation in 2022. To meet future demands, the new tiltrotator system is taking progressive steps towards sustainability, applying smart technology to reduce energy consumption and is adapted ready for the electrification of excavators. The integrated and user-adapted