Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • 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
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
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 Group

14.50 SEK+0.69 %2/9 10:01
Less than 1K followers

ESGR B

First North Stockholm

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Ownership
Dividend
Investor views
Compare
+0.69 %
-5.23 %
-21.62 %
+27.19 %
-11.31 %
-22.67 %
-78.68 %
-28.22 %
-26.77 %

ES Group 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
95.5M SEK
Turnover
5.6K 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
13/11
2026

Interim report Q3'26

26/2
2027

Annual report '26

Third party research2026-08-25 06:56

ES Group AB: Soft Q2, steeper H2e bridge - ABG

* As flagged, Q2 was soft on postponed ODM/WL orders * We expect a seasonally stronger H2e * Mgmt. guides for FY'26e EBIT break-even; we are more cautious Q2 as flagged, but slightly below our forecast Q2 net revenue was SEK 20m (15.4), -60% q-o-q and...

ES Group
Third party research2026-08-21 12:43

ES Group: A softer quarter, as guided - ABG

* Sales SEK 20m vs. ABGSCe 26m, EBIT roughly in line * Cost control holds EBIT despite soft top line * Management guides to approach FY break-even Q2 results ES reported soft sales of SEK 20m (vs. ABGSCe 26m), as the company had guided for in its Q1 ...

ES Group
Regulatory press release2026-08-21 08:30

Publication of interim report, January 1 – June 30, 2026

ES Group

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Regulatory press release2026-08-21 08:30

Offentliggörande av delårsrapport, 1 januari – 30 juni 2026

ES Group
Regulatory press release2026-08-20 15:10

Kommuniké från extra bolagsstämma i ES Group AB (publ)

ES Group
Regulatory press release2026-08-20 15:10

Report from the Extraordinary General Meeting in ES Group AB (publ)

ES Group
Press release2026-08-19 10:47

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

ES Group
Press release2026-08-19 10:47

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

ES Group
Third party research2026-07-20 09:06

ES Group AB: Directed share issue, insiders buy Amitime's stake - ABG

* Directed issue of SEK 17.8m at a ~20% discount to Friday's close * Chairman, CEO and CTO buy Amitime's block ahead of its China IPO * Dilution of 15.3%, a further 6.0% upon full warrant exercise Directed issue of SEK 18m ES has announced a proposed...

ES Group
Regulatory press release2026-07-20 08:30

Kallelse till extra bolagsstämma i ES Group AB (publ)

ES Group
Regulatory press release2026-07-20 08:30

Notice to attend the extraordinary general meeting of ES Group AB (publ)

ES Group
Regulatory press release2026-07-17 21:49

ES Group föreslår riktade emissioner av units om cirka 17,8 MSEK respektive teckningsoptioner samt meddelar placering av befintliga aktier om cirka 4,4 MSEK

ES Group
Regulatory press release2026-07-17 21:49

ES Group proposes directed issues of units of approximately SEK 17.8 million and warrants, respectively, and announces a placement of existing shares of approximately SEK 4.4 million

ES Group
Press release2026-07-03 12:00

ES Energy Save och Enrad inleder teknikpartnerskap inom propanvärmepumpar för industrier och kommersiella fastigheter

ES Group
Press release2026-07-03 12:00

ES Energy Save and Enrad enter technology partnership for propane heat humps in industrial and commercial properties

ES Group
Press release2026-06-04 16:45

Energy Save byter namn till ES Group AB (publ)

ES Group
Press release2026-06-04 16:45

Energy Save changes name to ES Group AB (publ)

ES Group
Third party research2026-05-15 10:25

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 Group
Third party research2026-05-13 09:05

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 Group
Regulatory press release2026-05-13 08:30

Offentliggörande av delårsrapport, 1 januari – 31 mars 2026

ES Group