contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


energy-save-back-to-growth-but-softer-h126-expected-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

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 and R290 heat pumps. Sales of the ES brand continue to grow. The company itself estimates that revenue and operating profit for Q4 will turn positive. Sales forecasts for 2025–2027 are lowered because volume expectations weakened again, but on the other hand, thanks to cost discipline, the earnings outlook improves in the long term. The market is expected to gradually recover, but there is no clear certainty about the speed of change.  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                    ABG Sundal Collier commissioned research              ABG Sundal Collier - Energy Save - Should be better from here

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

Here is ABG’s analysis of Energy Save.  The report states that Energy Save’s sales grew in the early part of the year and profitability improved due to cost cuts. Despite short-term challenges, the latter half of the year is expected to be stronger as markets recover.                   Inderes              Energy Save: Cool Q2 ahead, but H2'25e set to heat up - ABG - Inderes    Q1 sales +40% y-o-y, +2% q-o-q, FCF negative Cut '25e-'27e sales by 7% on weaker Q2 outlook Market recovery and new products to support H2'25e New products and distributors to support H2'25e...

Tuoreita kommentteja ABG:lta Energy Savesta.   Sales SEK 53m and EBIT SEK -5m (vs. ABGSCe 49m & -4m)  Changed reporting period, now follows calendar year  Sales driven by OEM business and Aira Q4 results In conjunction with its report, Energy Save has changed its reporting period to follow the calendar year from the previous split fiscal year. The company reported its Q4 (Oct-December), instead of fiscal Q3’24/25 (Nov-Jan). We have therefore created a blend from the fiscal Q2 and Q3 to be able to compare to the Q4 calendar year. Energy Save reported Q4 sales of SEK 53m (vs. ABGSCe 49m), +25% y-o-y and up 4% vs. calendar Q3’24, driven to a large extent by Energy Save’s OEM business and Aira collaboration. Commercial (SEK 4m) and sales in Scandinavia (SEK 5m) continued to be weak, indicating that sales under the ES brand remains subdued. The gross margin was strong at 44% (vs. ABGSCe 33%) and EBIT came in at SEK -5m (vs. ABGSCe -4m), for a margin of -9% (ABGSCe -9%). Moreover, ES had a positive working capital release of SEK 15m and FCF strengthened to SEK 4.7m (vs. -15m LY). The cash balance came in at SEK 54m (vs. 8m LY).                   Inderes              Energy Save: Continued cautious market - ABG - Inderes    Sales SEK 53m and EBIT SEK -5m (vs. ABGSCe 49m & -4m) Changed reporting period, now follows calendar year Sales driven by OEM business and Aira Q4 results In conjunction with its report, Energy...

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 Save: Energieffektivisering med innovation - Inderes    Time: 2024-12-09 08:13 Energy Save bedriver genom sina dotterbolag handel med produkter, system och tjänster för energibesparing, med produkter baserade på den senaste värmepumpstekniken. I denna intervju får vi en djupare inblick i bolaget när...                             It’s nice nowadays that YouTube can automatically generate subtitles for these videos.

Below is an analysis of this company.  Here is a short summary of it (the full package can be found via the link): Energy Save achieved significant sales growth in the first quarter, with growth of as much as 32 percent compared to the previous quarter and 187 percent compared to the previous year. This exceeded forecasts, and sales totaled 79 million kronor. Growth was driven particularly by the residential sector and the partnership with Aira, although the commercial side was weaker. The gross margin was slightly lower than before due to a larger share of directly delivered products and costs related to the new technology platform. Operating profit was +324 thousand kronor, which is a significant improvement from previous losses.                    Inderes              Energy Save: Green numbers for a green company - ABG - Inderes    Continued sales ramp-up, 32% sales growth q-o-q (ABGSCe +18%) Positive EBIT in FY'24/'25e, ests. up to SEK 3m (prev. SEK -4m) 9-4x EBIT '25e-'26e, FV range SEK 27-76 Fourth quarter of sequential...

The market remains weak. NIBE’s Q1 report was really weak, especially Climate Solutions.

ES Energy Save Holding

* Q4: Back to growth and positive EBIT; sales +12% vs. ABGSCe * Seasonally softer H1'26e, stronger H2'26e expected * We cut '26e-'27e sales by 4-3% and total EBIT by SEK 13m Seasonally softer...

* Q4: Back to growth and positive EBIT; sales +12% vs. ABGSCe * Seasonally softer H1'26e, stronger H2'26e expected * We cut '26e-'27e sales by 4-3% and total EBIT by SEK 13m Seasonally softer Q1 ahead, EBIT positive in H2e ES returned to growth in Q4 and delivered a positive EBIT. Sales were SEK 70m (+12% vs. ABGSCe, +33% y-o-y) while EBIT was SEK 1.2m (vs. ABGSCe SEK 2.4m). OEM sales rebounded after a temporary inventory build-up among OEM customers in Q2/Q3. Growth was driven by Residential (+40% y-o-y), while Commercial remained weak (-29% y-o-y). Heading into '26, management guides for a seasonally softer H1'26e but expects a clear pick-up in Q3/Q4e. We view this as reasonable, supported by: 1) improving market conditions, 2) contracted OEM volumes, and 3) continued propane (R290) roll-outs. For Q1e, we expect growth to turn negative again on seasonality, before improving from Q2e on easier comps and building momentum into Q3/Q4e. Estimate changes We cut '26e-'27e sales by 4-3% and total '26e-'27e EBIT by SEK 13m, on our lowered volume expectations for H1'26e. We expect EBIT to be negative in H1’26e (seasonality), before improving to positive EBIT in H2’26e. For FY'26e, we now forecast EBIT of SEK -1m, followed by SEK +17m in '27e. Improving market conditions ES appears well-placed to benefit from a broader market recovery. We think the company can recover volumes and re-enter a growth trajectory in '26e, with recent heat-pump market data suggesting conditions are starting to improve (SE+NL+DE HP unit sales up +21% y-o-y in Q4'25), although the timing and pace of the recovery remain uncertain. Moreover, we still expect negative FCF in ’26e, and note a more pressured net cash position. However, we think with improving profitability in '26e and improving market conditions, ES should return to positive FCF in ’27e and strengthen its financial position. ES is currently trading at 6x-3x EV/EBIT '27e-'28e. We lower our fair value range on our revised estimates to SEK 20-37 (20-50).