Q4 net sales and adjusted EBITDA were relatively close to our expectations, but several one-off-related items took the reported net result t...
Q4 adjusted EBITDA was in line with our estimate, but adjustments burdened net results.
Net sales was EUR 81.5m (Nordea est. EUR 82.9m) in Q4.
Q4 adj. EBITDA for the core businesses was line with our estimate (EUR 4.
Enersense and Finnish energy company Helen have agreed to extend their operations and maintenance agreement for 2027-28.
We expect relatively healthy Q4 results despite the weak macroeconomic situation in Finland.
Warm weather and the efficiency improvement programme should support profitability in Q4/25, we believe.
Efficiency improvements and additional service sales to the current customer base have improved profitability and the predictability of oper...
Net sales was EUR 81.1m (LSEG consensus EUR 80.5m) in Q3.
The share price has come up by 82% since June 2025.
With the rapidly occurring energy transition, significant investments have been made in the grid and will continue to be made.
As Q2 numbers had already been pre-released, yesterday's report (12 August) did not contain any surprises for the markets.
The company’s adjusted EBITDA was EUR 3.1m (pre-announced) in Q2.
New full year guidance for adjusted EBITDA in core businesses’ is EUR 16–20m in 2025 (previously EUR ~20m, Nordea estimate EUR 17.
The last of the non-core assets was divested in July.
The company sells its Marine and Offshore Unit for EUR 7.
With its updated core business strategy, Enersense is extending its focus from construction to maintenance and modernisation.
Enersense released new financial targets as a pure service company on 4 June.
Enersense won a contract with Fingrid to build the 400/110 kV transformer substation and related power line.
Net sales and adjusted EBITDA were below our expectations in Q1, but the company reiterated its clean EBITDA guidance of EUR ~20m for 2025.
The company’s reported EBITDA was EUR 21m (Nordea est.
Enersense will release new financial targets on 4 June 2025 at its CMD event.
Enersense could release new financial targets as a pure service company on 28 April.
Enersense's execution of its new strategy appears to be successful.
Net sales without extraordinary item was close to market consensus (LSEG) expectations in Q4.
Net sales were EUR ~104m and EBITDA came in at EUR ~2m in Q4 2024, according to preliminary information.
According to preliminary information, annual EBITDA will be EUR 4-6m in 2024 (old guidance EUR 4-8m, Nordea estimate EUR 7.
Enersense's wind power development portfolio has been divested, and losses from non-core operations are falling.
The divestment price estimate of Enersense’s wind power portfolio (2.
Enersense has extended its telecom network service contract, including construction services, with Telia Finland.
The company upgraded its 2024 net sales guidance midpoint by 5% on December 4.
The company's focus on profitability, cash flow and safeguarding its core service operations has started well.
Net sales of EUR 112m was well above our expectation (EUR 91m) in Q3.
The recent period of strong revenue growth may have come to an end in Q2, as we expect negative revenue growth for Q3 y/y.
The beginning of 2024 was tough, but the worst could be behind us.
Net sales was above our expectation in Q2 but order book was down by 21% on y/y basis.
Focus has reverted to project and service operations.
The company changed its strategy and abandons its plans to build 600MW of own wind power capacity.
The company writes down EUR 6m receivable which will have a corresponding negative impact on the EBITDA in Q2 2024.
Full-year revenue and EBIDA guidance from the company remains intact but we lower our 2024 EBITDA forecast due to weak profitability in the ...
Net sales was 3% above Nordea’s estimate in Q1. The company’s EBITDA was EUR 4.
We expect that cost increases will happen at a slower pace than revenue growth in 2024.
The guidance midpoint indicates 10% y/y revenue growth (LSEG Data & Analytics consensus is 6%) for 2024.
Revenue growth was better that market consensus (LSEG) expected in Q4.
The short-term outlook for Enersense looks reasonably good.
Enersense will build three 110kV power grid substations in Finland.
We initiate coverage of Enersense, a company operating within renewable energy, a sector with significant and long-term growth potential.
Enersense’s revenue continued to grow strong in Q3, however the ERP investment costs limited profitability potential while the segments’ mar...
Enersense’s Q3 revenue topped our estimate, while profitability figures came in below our estimates.
Enersense’s Q2 results recovered well from the challenging comparison period, and earnings should have further room to grow also next year a...
Enersense’s Q2 figures were better than we estimated as Power and Connectivity revenue clearly topped our estimates while profitability impr...
Enersense’s Q1 results showed extended high growth as well as stabilizing bottom line after last year’s challenges.
Enersense’s Q1 revenue grew clearly faster than estimated, at a rate of 39% y/y, which also helped profitability relatively near expectation...
Enersense’s Q4 figures didn’t contain big news after the guidance revision, but FY ’23 results may remain muted.
Enersense’s Q4 figures were overall relatively close to our estimates.
The upgrade implies Q4 was a lot better than we previously estimated but also suggests further improvement this year after recent challenges...
Enersense Q3 report didn’t contain major surprises.
Enersense’s Q3 profitability topped our estimates as EBITDA development was favorable in all other segments except International Operations,...
Enersense’s Q2 was weak, and H2 is set to remain modest.
Enersense’s Q2 results were known before the official release as the company disclosed preliminary figures in connection with a negative ear...
The CMD added color on Enersense’s plans to expand its print in the renewables value chain.
Enersense’s Q1 profitability figures beat our estimates but cost inflation can hurt figures more during the rest of the year.
Enersense’s Q1 profitability figures topped our estimates.
Enersense’s Q4 figures were a bit higher than we estimated, earnings guidance was softer, but the overall picture hasn’t changed much as ren...
Enersense’s Q4 report was overall relatively close to our expectations.
Enersense’s Q3 report was soft and left doubts with respect to the FY ’21 guidance.
Enersense Q3 figures didn’t meet our estimates, but the company retained its guidance, and we see the Q3 softness was to a large extent attr...
Enersense Q3 figures came in soft compared to our estimates, but the company nevertheless retains its FY ’21 guidance, which implies stronge...
Enersense’s Q2 was much as expected. Margins are already decent, and we see plenty of scope for long-term gains.
Enersense’s Q2 report didn’t offer many surprises. Enersense’s operations and strategy seem to proceed pretty much according to plan.
