Enersense International Oyj

ESENSE

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Enersense International Oyj

Ticker/ISIN
ESENSE
FI4000301585
Marknad/Land
Main Market, Helsinki
Sweden

Senaste sammanfattade pressmeddelande från 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.
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.

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Insiderinformation: Insider information: Enersense writes down a 6-MEUR receivable following an arbitral tribunal's decision in Lithuania, and withdraws its 2024 EBITDA guidance for the time being

Enersense International Plc has been ordered by an arbitration tribunal in Lithuania to receive EUR 1 million from Litgrid, the Lithuanian electricity transmission system operator, over a dispute regarding two projects executed in Lithuania from 2021-2023. This decision has led Enersense to write down EUR 6 million from a EUR 7 million receivable recorded in its 2022 financial statements, which will negatively impact its EBITDA in Q2 2024. The company has withdrawn its EBITDA guidance for 2024 but maintains its revenue forecast for the year. Enersense plans to further investigate the tribunal's decision and assess additional legal measures.

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Nyheter för investerare: European energy company Alpiq acquires majority share of Enersense's associated company P2X Solutions

Finnish company Enersense International Plc has announced that Swiss energy services provider Alpiq will invest €47m in P2X Solutions, a green hydrogen firm associated with Enersense. The investment will make Alpiq the majority owner of P2X, reducing Enersense's shareholding to about 9%. Despite this, Enersense will remain on the board of P2X. The arrangement will not impact Enersense's cash flow or the balance sheet value of the investment. P2X is currently building Finland's first industrial-scale green hydrogen production plant and has plans for further facilities in Joensuu and Oulu.

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Övrig information som ska lämnas enligt börsens regler: Enersense publishes 2023 financial comparison figures for its business areas according to new organisational structure

Enersense International Plc, a provider of zero-emission energy solutions, has published its 2023 comparison figures for all business areas following an organisational restructuring at the beginning of 2024. The restructuring combined the Power and International Operations business areas into one Power business area. The comparison figures for the Industry and Connectivity business areas, and the group functions, remain unchanged. The company's total revenue in 2023 was EUR 363 million.

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Ändring av styrelse/ledning/revisor: A change in Enersense's Group Executive Team

Enersense International Plc announced that CFO Mikko Jaskari will step down from his position to pursue new opportunities. Jyrki Paappa, former CFO of HKScan Corporation, Raisio plc and Maintpartner Group, will replace Jaskari from 22 July 2024. Paappa expressed excitement about joining Enersense, citing the company's role in promoting green transition as a key attraction. CEO Jussi Holopainen praised Jaskari's contributions and welcomed Paappa to the team, highlighting his extensive professional experience. Risto Takkala will serve as acting CFO until Paappa assumes the role.

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