Enersense International Oyj

Enersense International Plc released its unaudited Q3 2024 business review, highlighting an 18% increase in revenue for July–September compared to the previous year, amounting to EUR 111.5 million. This growth was driven by increased business volumes in the Industry segment and favorable developments in the Connectivity segment. The Group's EBITDA turned positive, reaching EUR 8.6 million, after a loss-making second quarter, with profitability improvements across all segments. The order backlog at the end of the period was EUR 353 million, impacted by the completion of long-term projects and cautious telecom investment. Significant contracts were secured, including projects with Boliden and Fingrid. A strategic assessment focusing on core businesses related to the green energy transition is progressing as planned. New CEO Kari Sundbäck emphasized the company's commitment to sustainability and improving profitability. Enersense aims to enhance shareholder value by refining its strategy and operations. The full report is available on the company's website. Enersense supports zero-emission energy solutions and had a revenue of EUR 363 million in 2023, with around 2,000 employees. The company's shares are listed on Nasdaq Helsinki.

Enersense International Plc announced that the European Patent Office has granted a European patent for its gravity-based base solution for offshore wind power plants. This innovative base can be transported by floating to the installation site and installed using ballast, which eliminates the need for large floating crane vessels. The base can also be de-ballasted for reuse or recycling. The concept development began in 2017, with the patent application published in 2020 and the patent officially granted in September 2024. Enersense's Vice President, Niko Suomela, expressed pride in this achievement, highlighting its significance for the offshore wind industry. Enersense is a company focused on zero-emission energy solutions, with a 2023 revenue of EUR 363 million and approximately 2,000 employees. Its shares are listed on Nasdaq Helsinki.

Enersense International Plc and Telia Towers Finland Oy have signed a four-year agreement for the maintenance of Telia Towers' mast and equipment room infrastructure across Finland. This agreement, which can be extended with two one-year options, will be included in Enersense's Connectivity business area order book for the fourth quarter of 2024. Both companies expressed satisfaction with the partnership, highlighting the benefits of high-quality maintenance and the opportunity for proactive infrastructure development. Enersense is known for its emission-free energy solutions and had a revenue of EUR 363 million in 2023, employing around 2,000 people.

Enersense International Plc has been awarded a contract through Fingrid's public bidding process to construct new substations in Lemmensaari and Sydänmaa. These substations will feature air-insulated open switchgear and are part of a project set to employ Enersense until the end of 2026. The contract, valued at approximately EUR 13 million, will be included in the third quarter of 2024's order book for Enersense's Power business area. The project aims to connect significant data center operators to the main grid and enhance the security of the distribution network and power production. Fingrid will utilize new SF6-free technology at these sites. The decision will be finalized after the appeal period under the Act on Public Contracts. Enersense International Plc, a provider of 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.

Jaakko Leivo, EVP of the Industry business area and a member of the Group Executive Team at Enersense International Plc, has announced his resignation. He will remain in his role until December 31, 2024. The company has begun searching for his successor. Kari Sundbäck, President and CEO, expressed gratitude for Leivo's contributions, noting the significant growth and strong customer relationships in the Industry business area. Enersense International Plc focuses on zero-emission energy solutions and had a revenue of EUR 363 million in 2023, with around 2,000 employees. The company is listed on Nasdaq Helsinki.

Enersense International Plc announced that Alexander Ehrnrooth has been elected as the Chairman of its Shareholders' Nomination Board. The board includes representatives from the company's three largest shareholders as of September 2, 2024: Alexander Ehrnrooth, Nidoco AB, Marjo Miettinen from Ensto Invest Ltd, and Janne Vertanen from Verman Holding Ltd. Enersense International Plc focuses on zero-emission energy solutions and reported a revenue of EUR 363 million in 2023. The company employs around 2,000 people and operates both in Finland and internationally. Its shares are listed on Nasdaq Helsinki. More information can be found on their website.

Enersense International Plc announced that its Financial Statements Bulletin for 2024 will be released on February 28, 2025, and the Financial Statements and Board of Directors’ Report for 2024 will be published on March 26, 2025. The company will also issue two Business Reviews and a Half-year Financial Report in 2025. The Annual General Meeting for 2025 is planned for April 16, 2025, with the Board of Directors set to summon the meeting later. Shareholders wishing to include matters in the meeting agenda must submit requests by February 26, 2025. Enersense International Plc is involved in zero-emission energy solutions, with a 2023 revenue of EUR 363 million and around 2,000 employees. Its shares are listed on Nasdaq Helsinki. For more information, contact Tommi Manninen, SVP of Communications and Public Affairs.

Enersense International Plc announced that it has signed an agreement with Swedish metal company Boliden for a development project at the Odda plant in Norway. Enersense Works Oy, part of the Industry business area, has been involved in the project since early 2023, focusing on environmental sustainability and increasing production capacity for equipment and steel installations. The new agreement includes the installation and manufacturing of process piping. This agreement will be included in the Industry business area's fourth-quarter backlog. Mikko Lampinen, COO of Enersense Works Oy, expressed pride in continuing the cooperation with Boliden, highlighting the project's contribution to creating the most climate-effective plant in its field. Enersense International Plc supports zero-emission energy solutions and had a revenue of EUR 363 million in 2023, with around 2,000 employees. The company's shares are listed on Nasdaq Helsinki.

Enersense International Plc announced the appointment of its Shareholders' Nomination Board based on the ownership status as of September 2, 2024. The three major shareholders and their representatives are Alexander Ehrnrooth from Nidoco AB, Marjo Miettinen from Ensto Invest Ltd, and Janne Vertanen from Verman Holding Ltd. The Nomination Board is responsible for preparing and presenting proposals regarding the Board of Directors' remuneration, number, and members to the Annual General Meeting and, if necessary, to the Extraordinary General Meeting. The current Nomination Board will submit its proposals for the 2025 Annual General Meeting by January 31, 2025. Enersense International Plc is a company focused on zero-emission energy solutions, with a revenue of EUR 363 million in 2023 and approximately 2,000 employees. Its shares are listed on Nasdaq Helsinki.

Enersense International Plc announced that Kari Sundbäck will assume the role of CEO earlier than initially planned, starting on September 23, 2024, instead of November 25, 2024. Juha Silvola will continue as the acting CEO until September 22, 2024, after which he will return to his previous role as Executive Vice President of the Power and Connectivity business areas. Kari Sundbäck has previously held executive positions at Caverion Group, Nokia, and KONE. Anders Dahlblom, Chair of Enersense’s Board of Directors, expressed confidence in Sundbäck's ability to implement the company’s updated strategy aimed at enhancing profitability and shareholder value. Enersense International Plc focuses on zero-emission energy solutions and reported a revenue of EUR 363 million in 2023. The company employs approximately 2,000 people and is listed on Nasdaq Helsinki.