Enersense International Oyj

Enersense International Plc has revised its 2024 revenue and EBITDA estimates upwards due to better-than-expected revenue growth following the completion of several projects. The company now anticipates 2024 revenue to be between EUR 413-416 million, up from the previous estimate of EUR 385-410 million. The EBITDA is projected at EUR 14-16 million, including a EUR 10.1 million impact from the termination of a wind power project agreement, which does not affect net results or cash flow. Excluding this, EBITDA is estimated at EUR 4-6 million, aligning with the earlier guidance of EUR 4-8 million. The adjusted EBITDA for core businesses is expected to be EUR 19-21 million, slightly higher than the previous forecast of EUR 17-21 million. Enersense will release its 2024 Financial Statement Bulletin on February 28, 2025. The company, which focuses on zero-emission energy solutions, reported a revenue of EUR 363 million in 2023 and employs about 2,000 people. Its shares are traded on Nasdaq Helsinki.

Enersense International Plc's Shareholders’ Nomination Board has made proposals for the company's Board of Directors ahead of the Annual General Meeting scheduled for April 16, 2025. The Nomination Board suggests the Board consist of six members, with Anders Dahlblom, Sirpa-Helena Sormunen, Sari Helander, Anna Miettinen, Carl Haglund, and Ville Vuori proposed for re-election. Petri Suokas will not be available for re-election due to the sale of Enersense’s wind power project development business. The Nomination Board recommends re-electing Anders Dahlblom as Chair and Sirpa-Helena Sormunen as Vice Chair. All candidates have consented to their nominations and are deemed independent of the company, except Dahlblom, who is linked to a significant shareholder. The Nomination Board proposes maintaining the current fees for Board members and reimbursing travel expenses according to the existing policy. The proposals will be included in the notice for the Annual General Meeting. Enersense International Plc is focused on zero-emission energy solutions, with a 2023 revenue of EUR 363 million and approximately 2,000 employees. The company's shares are listed on Nasdaq Helsinki.

Enersense International Plc's subsidiary, Enersense Wind Ltd, has signed an agreement to sell its wind and solar power project development business to Fortum. The transaction involves the sale of shares in a subsidiary to which Enersense Wind Ltd's business will be transferred. The deal includes a fixed cash price of EUR 9.25 million and a variable price up to EUR 74 million, contingent on project progress and final investment decisions by Fortum. The transaction is expected to close by the end of Q1 2025, subject to standard conditions. Enersense anticipates recording a EUR 19 million profit and a 7 percentage point increase in its equity ratio upon completion. The sale aligns with Enersense's revised strategy to focus on core businesses in the green energy transition, with continued assessments of offshore wind and emission-free transport solutions. The business sold includes Enersense's wind and solar project portfolio and related resources. Enersense's CEO, Kari Sundbäck, stated that the sale supports sustainable growth in their core businesses. Enersense's 2023 revenue was EUR 363 million, with operations in Finland and internationally, and its shares are listed on Nasdaq Helsinki.

Enersense International Plc has signed a three-year extension agreement with Telia Finland Oyj for telecommunications network field services, valued at EUR 70 million. This agreement, which includes an optional additional year, will be recorded in Enersense's Connectivity segment's order backlog for Q4 2024. The services include mobile and fixed network construction, customer delivery, fault repair, and preventive maintenance in Finland. The new agreement, continuing the companies' long-term collaboration, begins on April 1, 2025. Miika Eerola, Vice President of Connectivity at Enersense, highlighted the importance of the partnership for service development and sustainability goals. Enersense, a provider of zero emission energy solutions, reported a revenue of EUR 363 million in 2023 and has about 2,000 employees. Its shares are listed on Nasdaq Helsinki.

Enersense International Plc has updated its revenue guidance for the 2024 financial period to EUR 385–410 million, up from the previous estimate of EUR 365–390 million. This increase reflects positive developments in both its core businesses and those under strategic review. The guidance for EBITDA remains unchanged at EUR 4–8 million, and adjusted EBITDA for core businesses is expected to be between EUR 17–21 million. The guidance does not consider potential divestments from the strategic assessment. Enersense, a company focused on zero-emission energy solutions, reported a revenue of EUR 363 million in 2023 and employs around 2,000 people. Its shares are listed on Nasdaq Helsinki.

Enersense International Plc has signed an agreement with EPV Aurinkovoima Oy to maintain the Heinineva solar power park in Lapua, one of Finland's largest, with a capacity of about 86 MWp and an annual energy production of over 80 GWh. This agreement deepens Enersense's partnership with EPV Energy, the parent company of EPV Aurinkovoima, and will be added to Enersense's Power business order backlog in Q4 2024. The project is Enersense's largest solar power maintenance undertaking, and it plans to use innovative methods like drones for inspections. Enersense, which supports zero-emission energy solutions, reported a revenue of EUR 363 million in 2023 and employs around 2,000 people.