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Enersense International operates in the industrial sector. The company's specialist expertise is found in project management for major industrial projects, which mainly includes design and construction, planning, logistics and administration. In addition to the main business, staffing and personnel management are offered. The company operates on a global level, with the Nordic and Baltic countries as home markets.
We estimate that data center construction is partly filling the gap left in the construction market by the decline in residential construction in recent years.
The company's operational Q2 figures exceeded our estimates, but its performance will nevertheless be truly tested in H2 regarding the achievement of its guidance.
Q2 net sales and adjusted EBITDA were slightly below our expectations. Comparable revenue growth was 1% in Q2 y/y and the order book decreased by 10% q/q. Adjusted EBITDA for the core operations in 2026 is still guided at EUR 19-23m, which currently ...
Net sales was EUR 73.1m (LSEG consensus EUR 73.5m) in Q2. Comparable net sales growth was 0.8% in Q2 y/y. Net sales was above our forecast in the Power segment but below in the Energy Transition and in the Connectivity segments. The company's adjusted...
Enersense's order book, especially for its Power segment, has been growing well. However, new projects will take time before they become visible in the numbers, leaving little impact on Q2 2026. Net sales growth will therefore likely remain modest on...
Enersense has won a contract with Aquatech to install pipelines and steel structures for the water treatment plant at the green steel mill in Northern Sweden. The project (said to be worth EUR 30m) will employ Enersense until Q1 2027. The contract will...
Spread evenly on an annual basis, the agreement is of a reasonable size on a Group scale, but it is significant for the Energy Transition business unit.
