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ES Energy Save Holding

10.80 SEK

-1.37 %

Less than 1K followers

ESGR B

First North Stockholm

Industrial Goods & Services

Industrials

-1.37 %
-15.63 %
-33.94 %
-37.75 %
-39.83 %
-48.82 %
-93.72 %
-46.27 %
-45.45 %

ES Energy Save Holding is a technology company focused on the energy sector. The company specializes in the development of heat pump technology. The technology is based on the proprietary platform and is delivered both as complete overall solutions and as plug-ins for various temporary installations. The products and associated systems are used for heating villas, as well as larger commercial properties. The business is held on a global level, with the largest presence in the European market.

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Market cap
71.13M SEK
Turnover
30.78K SEK
Revenue
EBIT %
P/E
Dividend yield-%
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29.4.
2026

General meeting '26

13.5.
2026

Interim report Q1'26

21.8.
2026

Interim report Q2'26

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Third party research

Energy Save: Should be better from here - ABG

* Q3 was softer, but better cost control was positive* '25e-'27e sales cut by 15-22% on lower volume expectations* Positive momentum into Q4, driven by OEM recovery & R290 rollout Expect a return to growth and positive EBIT in Q4 Q3 sales were SEK 46m...

ES Energy Save Holding
Third party research

Energy Save: Weaker sales but better cost control - ABG

* Q3 sales SEK 46m (vs. ABGSCe 60m), EBIT -3m (vs. ABGSCe -2m)* Better than expected cost control* Inventory levels down, FCF positive in the quarter (vs. SEK -5m LY)Q3 resultsQ3 sales were weaker than expected at SEK 46m (-9% y-o-y and -22% vs. ABGSCe...

ES Energy Save Holding
Third party research

ES Energy Save: Temporary freeze in numbers - ABG

- Q2 figures in line with pre-announcement - '25e-'27e sales cut by 11% on softer Q2 - Inventory normalisation and market recovery to support H2’25e Near-term growth supported by Aira Q2 sales were SEK 15m (-85% y-o-y, -71% q-o-q vs. ABGSCe 37m) and ...

ES Energy Save Holding
Third party research

Energy Save: Q2 in line with pre-announcement - ABG

- Q2 sales SEK 15m, EBIT -16m, in line with profit warning - OEM business to rebound, anticipate stronger volumes in H2'25e - ES-branded sales up (+10% y-o-y, +40% q-o-q) Q2 in line with profit warning Energy Save's Q2 figures were in line with the profit...

ES Energy Save Holding
Forum discussions
In Denmark (Energy Save’s largest market), air-to-water heat pump deliveries in the third quarter were -54% for the entire market: Air-to-air heat pump deliveries in Denmark have already fallen to 2014 levels.
11/6/2023, 9:41 AM
by Arimatti Alhanko
13
We recently initiated coverage of NIBE, and the company’s extensive analysis report, open to everyone, is available to read in English here. I imagine that the report may also offer new insights for Energy Save investors. Inderes Staying cool and waiting for the heat - Inderes NIBE...
9/20/2023, 6:16 AM
by Thomas Westerholm
7
The market remains weak. NIBE’s Q1 report was really weak, especially Climate Solutions.
5/16/2024, 6:18 AM
by Arimatti Alhanko
6
We are into… Oh… whatever … (Old chart, but with the listing, the history was wiped, at least in my app.)
10/7/2023, 5:54 PM
by @TeemuHinkula
4
Apparently, a video about Energy Save was made in December in Sweden. @Mikael_Rautanen has mentioned that sales cycles are long. That seems to be the case, as it only took a couple of years since I tried to recommend Inderes’ services to them during the company’s hype. Inderes Energy...
1/24/2025, 8:59 PM
by @TeemuHinkula
3
A week-old story from Germany, which was previously discussed here. Quite relevant for the heat pump industry; in Germany, quite a few pumps will likely be installed in the coming years: https://www.reuters.com/world/europe/german-parliament-passes-watered-down-heating-law-2023-09...
9/20/2023, 6:35 AM
by näätä$
3
From the ABG report below, one can read how the company’s Q3 was soft, but cost control improved. The report also states that sales decreased due to growing OEM customer inventories, but on the other hand, a clear pick-up is expected for the end of the year, driven by OEM demand ...
11/15/2025, 6:23 PM
by Sijoittaja-alokas
2
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