• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

ES Energy Save Holding

18.60 SEK

+1.64 %

Less than 1K followers

ESGR B

First North Stockholm

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Ownership
Dividend
Investor consensus
Compare
+1.64 %
-8.37 %
+50.61 %
+13.76 %
+9.09 %
+6.29 %
-81.40 %
-9.27 %
-6.06 %

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.

Read more
Market cap
122.5M SEK
Turnover
49.81K SEK
Revenue
185.98M
EBIT %
-11.95 %
P/E
-
Dividend yield-%
-
Revenue and EBIT-%
EPS and dividend
Financial calendar
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types

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
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
Energy Save Q3’25 webcast: Inderes Energy Save, Webcast, Q3'25 - Inderes Time: 2025-11-13 10:00 Language: en Language: en Sector: Materials - Energy & Utilities Activity: Webcast with teleconference
11/13/2025, 12:07 PM
by Isa Hudd
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21/8
2026

Interim report Q2'26

13/11
2026

Interim report Q3'26

26/2
2027

Annual report '26

Third party research5/15/2026, 8:25 AM

Energy Save: Q2e cuts but brighter H2e ahead - ABG

* Q1: sales beat (+19% vs ABGSCe), ES-branded sales up +99% y-o-y * Q2'26 guided weak on ODM/WL inventory rebalance * We cut Q2'26e, return to positive EBIT in H2'26e Expecting a stronger H2'26e Q1 sales beat expectations at SEK 49m (+19% vs. ABGSCe)...

ES Energy Save Holding
Third party research5/13/2026, 7:05 AM

Energy Save: Topline beat, Q2 weakness ahead - ABG

* Sales +19% vs. ABGSCe, EBIT SEK -4m (vs. -5m) * ODM/WL down 27% y-o-y but ES-branded sales up 99% * Inventory levels down, FCF positive in the quarter (SEK +1.8m) Q1 results Q1 sales were SEK 49m (-8% y-o-y and +19% vs. ABGSCe 42m). Residential continues...

ES Energy Save Holding
Regulatory press release5/13/2026, 6:30 AM

Offentliggörande av delårsrapport, 1 januari – 31 mars 2026

ES Energy Save Holding

Join Inderes community

Research, tools and community to support better investment decisions.

Inderes account
Follow companies and get notifications on the ones you track
Analysts' recommendations and comments
Stock comparison tool and other popular tools
Create account
Regulatory press release5/13/2026, 6:30 AM

Publication of interim report, January 1 – March 31, 2026

ES Energy Save Holding
Press release5/8/2026, 6:30 AM

Inbjudan till webbpresentation och telefonkonferens i samband med ES Groups delårsrapport januari-mars 2026

ES Energy Save Holding
Press release5/8/2026, 6:30 AM

Invitation to web presentation and telephone conference in connection with ES Group's interim report January-March 2026

ES Energy Save Holding
Regulatory press release4/29/2026, 2:35 PM

Kommuniké från årsstämma 2026 i ES Energy Save Holding AB (publ)

ES Energy Save Holding
Regulatory press release4/29/2026, 2:35 PM

Report from the Annual General Meeting 2026 in ES Energy Save Holding AB (publ)

ES Energy Save Holding
Press release4/23/2026, 11:05 AM

Energy Save och JS Energi inleder samarbete om reservdelar i Norden

ES Energy Save Holding
Press release4/23/2026, 11:05 AM

Energy Save and JS Energi enter into a partnership for spare parts in the Nordic region

ES Energy Save Holding
Regulatory press release4/8/2026, 12:20 PM

Energy Saves årsredovisning 2025

ES Energy Save Holding
Regulatory press release4/8/2026, 12:20 PM

Energy Save’s Annual Report 2025

ES Energy Save Holding
Regulatory press release3/27/2026, 7:30 AM

Kallelse till årsstämma i ES Energy Save Holding AB (publ)

ES Energy Save Holding
Regulatory press release3/27/2026, 7:30 AM

Notice to attend the annual general meeting of ES Energy Save Holding AB (publ)

ES Energy Save Holding
Regulatory press release3/24/2026, 4:54 PM

BlueBox by Swegon erbjuder ES Groups R290-värmepumpar för villasegmentet under eget varumärke

ES Energy Save Holding
Regulatory press release3/24/2026, 4:54 PM

BlueBox by Swegon to offer ES Group’s residential R290 heat pumps under own brand

ES Energy Save Holding
Press release3/11/2026, 7:30 AM

Energy Save har sålt 10 000 värmepumpar med propan som köldmedium

ES Energy Save Holding
Press release3/11/2026, 7:30 AM

Energy Save has sold 10,000 heat pumps using propane as refrigerant

ES Energy Save Holding
Press release3/4/2026, 7:30 AM

Energy Save har levererat produkter till Saudiarabien

ES Energy Save Holding
Press release3/4/2026, 7:30 AM

Energy Save has delivered products to Saudi Arabia

ES Energy Save Holding