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
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... 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
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

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
    }
  }
}


enersense-expectations-tilted-to-h2-2026-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Enersense International operates in the industrial sector. The company's specialist expertise is found in project management for major industrial projects, which mainly includes design and construction, planning, logistics and administration. In addition to the main business, staffing and personnel management are offered. The company operates on a global level, with the Nordic and Baltic countries as home markets.

Inderes              Enersense International - osake - Inderes    Enersense on vuonna 2005 perustettu suomalainen, kansainvälisesti toimiva päästöttömien energiaratkaisujen toteuttaja. Yhtiön päätoimialoja ovat teollisuus, rakentaminen, energia ja tietoliikenne. Enersense tukee palveluillaan ja osaamisellaan...                             Open the video in question from there, and you’ll find a summary as well as an AI-generated transcript.

Could you provide this as text, so I don’t have to listen through half an hour of rambling?

Aapeli interviewed Enersense CEO Kari Sundbäck    Topics: 00:00 Q2 updates 01:12 Power 06:10 Power Transmission 09:00 Project market 09:50 Connectivity 12:34 Order margins 13:39 Data Center segment 14:58 Data center projects 16:00 Enersense and data centers 18:00 Competition 18:49 Competitiveness 19:40 Targets 22:33 Guidance 23:55 Project initiation 26:22 Cash flow

While waiting for the interview to be published, I am aiming to include everyone’s questions in some form. My apologies if I missed anyone. Of course, it seemed that some may have already been online asking questions during the webcast  However, my impression from the interview was that Enersense was at least covered in a versatile way.  Regarding the financial position, it is good to keep in mind the financing arrangement made at the end of 2025, where the convertible bond was converted into a hybrid bond, which then supports those figures. Of course, in terms of cash flow, we were on the right track in Q2, and CFO Jan-Elof also commented in the webcast that the company is able to operate with negative net working capital. This would then also fund growth at the same time. But let’s keep monitoring the progress; H2 must be executed solidly in order to reach the guidance, even though the projects are scheduled for that period.

How is the demand in Estonia weak? Is there not the same level of investment there as in the Nordic countries? Data centers, etc. With what perspective is the company viewing the Norwegian and Swedish markets? There is money there, and they are investing heavily in infrastructure. What kind of position does the company hold in data centers? Numerous companies are building them, and the market is only growing. Many competitors have announced significant deals.

I would appreciate some information regarding demand and pricing power. Since the order backlog fell from the previous quarter, a concern immediately arises as to why this is the case, even though it has been underlined that there is fluctuation due to timing. Furthermore, how big of a problem is the weak demand in Estonia? The report states that it had a significant impact on Power’s EBITDA. Is there a fear that the sluggishness in Estonia will be prolonged and become chronic, and how significant are the Estonian operations from the perspective of the entire group?

A question for Aapelille if there is still time: “When you compare the target margins of projects won over the last 12 months with the old order backlog, is the margin profile of the new order backlog significantly higher?”

Enersense International

Q2 net sales and adjusted EBITDA were slightly below our expectations. Comparable revenue growth was 1% in Q2 y/y and the order book decreased by 10% q/q. Adjusted EBITDA for the core operations...

Q2 net sales and adjusted EBITDA were slightly below our expectations. Comparable revenue growth was 1% in Q2 y/y and the order book decreased by 10% q/q. Adjusted EBITDA for the core operations in 2026 is still guided at EUR 19-23m, which currently looks a bit challenging considering that adjusted EBITDA was only EUR 4.6m for H1 2026. For 2026, we still forecast adjusted EBITDA of EUR 19m with revenue growth of ~3%. Our long-term estimates are broadly unchanged, which is why our fair value range remains at EUR 4.2-5.3, based on our DCF analysis and backed by a peer group comparison. Based on our current estimates, Enersense's 2026E EV/EBIT is 7.9x (peer group median: 13.3x), including the EUR 30m hybrid debt.

Enersense: Expectations tilted to H2 2026 - Nordea

Enersense: Expectations tilted to H2 2026 - Nordea