Professional
Added to YB: 2025-11-10
Pitch date: 2025-10-30
ENGCON-B.ST [bullish]
engcon AB (publ)
-2.68%
current return
Author Info
Norbury Capital manages a concentrated Europe-focused investment fund, focused on entrepreneurial small and midcap companies. Sign up for the newsletter.
Company Info
engcon AB (publ) engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.
Market Cap
SEK 12.5B
Pitch Price
SEK 82.00
Price Target
N/A
Dividend
1.22%
EV/EBITDA
34.43
P/E
56.16
EV/Sales
7.10
Sector
Machinery
Category
growth
Norbury Capital Portfolio Holding: engcon AB
ENGCON-B.ST (holding update): Swedish tiltrotator leader w/ 49% market share in 20% CAGR market. 95% penetration in Scandinavia vs <10% globally. Germany/UK approaching tipping point. 6-month payback drives adoption via labor savings & fuel efficiency. 25x NTM EV/EBITDA but superb financials w/ growth optionality.
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