ENGCON-BNasdaq StockholmIndustrialsIFRS · SEK

engcon

engcon AB is a global leader in manufacturing tiltrotators and associated attachments that enhance the functionality and efficiency of excavators. The company offers a comprehensive solution that transforms excavators into versatile tool carriers, promoting sustainable and efficient digging practices. With its headquarters in Strömsund, Sweden, engcon operates in 16 markets worldwide, supported by 15 local sales companies and a robust dealer network. The company is committed to innovation and sustainability, aiming to revolutionize the excavation industry.

Ask about the company
Revenue1,889m SEK
+14.6 %y/y
Operating profit (EBIT)321m SEK
+8.8 %y/y
EBIT margin17.0%
−0.9 ppy/y
Net income223m SEK
−2.6 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

05001,0001,5002,000m SEK2021: 1,488 m SEK2021: EBIT 325 m SEK20212022: 1,938 m SEK2022: EBIT 415 m SEK20222023: 1,898 m SEK2023: EBIT 376 m SEK20232024: 1,649 m SEK2024: EBIT 295 m SEK20242025: 1,889 m SEK2025: EBIT 321 m SEK2025TTM 2026: 1,509 m SEKTTM 2026: EBIT 328 m SEKTTM1,509328
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
Ask Clarifo about engcon

Business

Share of revenue
Tiltrotators50 %

Includes advanced tiltrotators for excavators

Attachments30 %

Comprises various attachments enhancing excavator utility

Safety Systems10 %

Safety solutions for excavator operations

Tool Carriers10 %

Transform excavators into multi-functional tool carriers

Customers

engcon's customer base primarily includes construction companies, contractors, and equipment rental firms that utilize excavators for various projects. These customers value engcon's products for their ability to increase operational efficiency and safety while reducing the need for multiple machines. The company's focus on sustainability also attracts environmentally conscious businesses looking to minimize their ecological footprint. engcon maintains strong relationships with end users, ensuring that its products meet the evolving needs of the industry.

Construction Companies

Purchase tiltrotators and attachments to enhance efficiency

Contractors

Use tool carriers for versatile project needs

Equipment Rental Firms

Lease attachments and safety systems for diverse clients

Environmentally Conscious Businesses

Adopt sustainable solutions to minimize ecological impact

Strategy

engcon's strategic priorities include expanding its global market presence, enhancing product innovation, and maintaining sustainable practices. The company aims to exceed market growth through organic expansion and has set ambitious financial targets to achieve industry-leading profitability and capital efficiency. Recent strategic moves include joining the United Nations Global Compact Initiative and expanding its management team to support growth in the Americas. engcon is committed to maintaining a strong capital structure to support future growth and shareholder returns.

Global ExpansionMedium term

To increase market share and reach new customers

Product InnovationLong term

To lead in sustainable and efficient excavation solutions

SustainabilityShort term

To align with global environmental standards and attract eco-conscious clients

Geography

engcon operates in 16 markets globally, with significant presence in the Nordic region, Europe, the Americas, and Asia-Oceania. The company's largest production facility is located in Strömsund, Sweden, complemented by a plant in Niepruszewo, Poland. The Nordic region remains a key market, contributing significantly to order intake, while Europe shows strong growth in sales. Recent expansions include establishing a new sales company in Japan, highlighting engcon's strategic focus on increasing its footprint in Asia.

Risks

engcon faces several risks, including market and industry risks, operational challenges, and financial uncertainties. The company is exposed to fluctuations in demand due to economic conditions, particularly in the Nordic region. Geopolitical tensions and currency effects can also impact operations and profitability. Additionally, engcon is involved in a legal dispute concerning patent infringements, which could have financial implications. The company actively monitors these risks and adapts its strategies to mitigate potential impacts.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Market Demand Fluctuations1Geopolitical Tensions3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Market Demand FluctuationsImpact: HighLikelihood: Medium

    Economic conditions affect excavator sales

  2. Patent Infringement DisputeImpact: High

    Potential financial liabilities

  3. Geopolitical TensionsImpact: MediumLikelihood: Medium

    Affect global operations and market access

Ask Clarifo about engcon

Accounting

Judgemental items
Revenue Recognition

Affects timing and comparability of financial results

Warranty Provisions

Impacts balance sheet classifications and liabilities

Similar listed companies

Publicly listed companies with a comparable business focus.

Trelleborg

TREL-B · Industrials

KONE Oyj

KNEBV · Specialty Industrial Machinery

Husqvarna B

HUSQ-B · Consumer Discretionary

Husqvarna A

HUSQ-B · Consumer Discretionary

Alligo

ALLIGO-B · Consumer Discretionary

Electrolux Professional

EPRO-B · Industrials

Last updated: 24/09/2026