contentSlug

type

ContentPage_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentPage_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      ...ExtensiveCoverage_Company
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    pageUrl
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
    ...ExtensiveCoverage_Snapshot
  }
  ...TrendingContent_1jQ2Cn
}

fragment ExtensiveCoverage_Company on Company {
  id
  defaultInstrument {
    estimateData {
      researchCurrency
      estimates {
        date
        recommendation
        targetPrice
      }
    }
    id
  }
}

fragment ExtensiveCoverage_Snapshot on Content {
  __isContent: __typename
  companies {
    id
    defaultInstrument {
      snapshot {
        transaction {
          date
          recommendation
          targetPrice
        }
      }
      id
    }
  }
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      name
      id
    }
  }
}


enersense-international-good-revenue-growth-in-q3-fy-2026-ebitda-guidance-unchanged-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

pageUrl

publishers

authors

reactionGroups

translations

imgUrl

description

changedAt

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.

In my opinion, you can answer that. If the company has phased out less profitable contracting projects over the past 12–24 months by shifting from traditional contracting to providing more comprehensive end-to-end services, such as service and lifecycle solutions. They haven’t tried to make the old projects more profitable, but rather made a clear strategic pivot in the company’s offering. Over the past year, the contracting and service model as well as the types of projects Enersense participates in have been changed. In other words, projects that met the old criteria have been wound down, while simultaneously restructuring around the new criteria. This new operating model requires redefined projects. It requires growth. And for an earnings turnaround to materialize, it requires scaling up the volume of these new types of projects. Otherwise, the company would continue operating under old habits, generating similar business results based on the old contracting criteria. In the future, Enersense’s business model will rely more on longer-term partnership agreements rather than standalone projects. Kari stated these points during the earnings release, mentioning, for example, that instead of merely entering tender competitions, they are considering project solutions more holistically with clients prior to the bidding phase—where possible. This creates better value for both parties. The reshaping of the order backlog has been underway over recent months. For this reason, it will be interesting to track the order backlog and margins starting from Q2/2027. One could assume that by then, the majority of projects will already reflect the revamped Enersense.

When asked which is more important for Enersense, growth or profitability, Enersense’s CEO answered: “Both.” Wrong answer. In my opinion, Enersense is not a growth company, but a turnaround company. Therefore, achieving an earnings turnaround is far more important for it than growth. Even if Enersense were to grow, without an improvement in its earnings power, Enersense doesn’t have much value. But if its earnings power increases significantly, Enersense is cheap. In this respect, Q3 was a clear disappointment, even though there was growth.

Here is the company report on Enersense from Aapeli following Q3   In our view, the overall picture of Enersense’s Q3 report tilted toward the soft side due to the operating margin, order book development, and cash flow. While timing-related factors also played a role behind these, achieving the reiterated guidance for the current year nevertheless requires a rather strong end to the year. Reflecting this as well, achieving the guidance involves timing risks, in addition to which the company still has something to prove regarding an improvement in profitability. Following the sharp share price reaction, we nevertheless see the stock’s risk-adjusted expected return climbing to an attractive level on a 12-month horizon driven by the earnings growth we forecast. We therefore reiterate our Accumulate recommendation, but lower our target price to EUR 5.2 (previously EUR 6.2), reflecting forecast cuts and an increased required rate of return.                    Inderes – 6 Nov 26              Enersense Q3'26: Loppuvuodesta näytönpaikka - Inderes    Enersensen Q3-raportin kokonaiskuva kääntyi mielestämme pehmeän puolelle operatiivisen marginaalin, tilauskannan kehityksen sekä kassavirran takia.

Aapeli interviewed Enersense’s CEO Kari Sundbäck regarding Q3    Topics: (00:00) Enersense’s Q3 performance  (00:48) Revenue  (02:46) Delay of the Energy Transition project  (03:31) Earnings performance in Q3  (04:54) Guidance remains unchanged  (06:59) Impact of profitability measures  (08:21) Order backlog development  (11:02) Growth or profitability?  (11:38) Demand situation  (13:49) Profitability profile of Connectivity in new projects  (14:32) Data centers from Enersense’s perspective

That decline in the order backlog was certainly unfortunate, and we need to hear more about it from Kari. During Q2, he wasn’t worried about the order backlog at all yet. The stakes are high for Q4, as they need to deliver that EBITDA, secure orders, and we’re also expecting growth from the guidance. The risk of a profit warning is also significant, although in the grand scheme of things, it doesn’t matter all that much.

Relative to revenue, the order backlog is not particularly large, so new orders would need to come in at least at the same pace as revenue is recognized. How does management view the development of order intake in 2027, and is the current bid pipeline sufficient to support both revenue growth and a strengthening order backlog?

Initial impressions here are along the same lines, and for instance, the delay in the Aquatech project has certainly had an impact on Energy Transition’s profitability. As you noted, though, the burden of proof is definitely on the company in the eyes of the market. An interview is coming up as usual, and the plan is indeed to ask about guidance and margins. If anyone on the forum thinks of any other topics soon, I’ll try to include those in the interview as well

Enersense International

Net sales of EUR 87m was 5% above market (LSEG) consensus but adjusted EBITDA of EUR 5.5m came 15% below consensus in Q3. Comparable net sales growth was 14% in Q3 y/y. Net sales was above our...

Net sales of EUR 87m was 5% above market (LSEG)  consensus but adjusted EBITDA of EUR 5.5m came 15% below consensus in Q3. Comparable net sales growth was 14% in Q3 y/y. Net sales was above our forecast in the Power segment but below in the Energy Transition and in the Connectivity segments in Q3. Adjusted EBITDA was below our expectations in all segments in Q3. The order backlog stood at EUR 318m (EUR 379m). Reported EPS was EUR -0.05 in Q3. Reported equity ratio was 29% end of September. The company expects the market situation to remain favourable. Data centres could also offer notable growth in the medium term. Adjusted EBITDA in 2026 is guided to EUR 19-23m (unchanged, Nordea estimate EUR 18.4m, consensus: EUR 18.0m, 2025: EUR 18.8m). Guidance midpoint indicates EUR 10.9m (consensus EUR 8m) adjusted EBITDA for Q4 2026.

Privacy preferences

Enersense International: Good revenue growth in Q3, FY 2026 EBITDA guidance unchanged - Nordea

Enersense International: Good revenue growth in Q3, FY 2026 EBITDA guidance unchanged - Nordea