ENERSIZE OYJ April –
- Net sales for the third quarter 2022 amounted to
EUR 27,241 (67,310). - Operating profit (EBIT) for the third quarter 2022 amounted to
EUR -506,674 (-404,724). - Profit before appropriations and taxes for the third quarter 2022 amounted to
EUR -518,243 (-460,600). - Average number of employees for the third quarter 2022 amounted to 11.0 (11.5).
January -
- Net sales for the period 2022 amounted to
EUR 116,776 (189,215). - Operating profit (EBIT) for the period 2022 amounted to
EUR -1,446,554 (-1,319,866). - Profit before appropriations and taxes for the period 2022 amounted to
EUR -1,483,092 (-1,485,470). - Average number of employees for the period 2022 amounted to 12,5 (10.5).
Significant events during 2022
First quarter
Enersize renews strategic partner agreements with two previous partner companies,SCOPP Solutions SARLAU Capital 100,000DH andMomentum Industrial AB . The agreements form the basis ofEnersize 's new business model.Enersize Advanced Research AB has received an order from the Indonesian company PT Cicor Panatec, which includes both hardware and software related toEnersize 's SaaS platform.Enersize signs a letter of intent withAkila Information Systems Ltd , which is a milestone towards a partnership forEnersize products to be integrated into Akila Services and data platform.
Second quarter
- Scania extends and expands its pilot agreement with
Enersize by 12 months for energy savings and, in parallel,Enersize and Scania intend to start joint development projects in autumn 2022. - Scania orders hardware for the plant in Södertälje.
- Enersize Partner SCOPP receives new African orders from
Vivo Energy Maroc andMaghreb Steel . - DAS
Korea installs its first pilot as part ofEnersize onboarding.
Third quarter
- On
July 5 ,Enersize announced that it had entered into an agreement on bridging financing from two existing shareholders, according to which the lenders undertook to provide a loan and credit line ofSEK 5.0 million . The bridging loan ensures continued establishment and sales of the new business model, and gives the board the opportunity to actively evaluate various alternatives for the Company's long-term financing and optimal capital structure.
Significant events after the quarter
- On
October 24 ,Enersize announces that the board has decided to carry out a unit issue with preferential rights for existing shareholders. The issue can initially addSEK 10.6 million to the company before issue costs, while a furtherSEK 14.2 million can be added when warrants are fully subscribed at a later stage. - On
October 24 ,Enersize announced that the LOI for a so-called reverse takeover with Finnish Batteries OY (Tera Factory ) announced on18 October 2021 has ceased to apply and that the reverse acquisition will therefore not be carried out. - On
October 25 ,Enersize announces that it has entered into a partnership agreement with the French-Chinese company Akila for the Asian market, where it will integrateEnersize software for energy optimization of compressed air into Akila's overall "digital twin" platform. - On
October 25 ,Enersize announces that it is implementing a streamlining of the organization and carrying out cost-saving measures in research, finance and overhead functions, which are estimated to reduce the company's operating costs by approximately 40 percent, which corresponds to approximatelySEK 9 million on an annual basis. - On
October 31 ,Enersize published the investment memorandum for its rights issue - On
November 11 ,Enersize announced that it has signed a letter of intent with US-based CTRL Systems where CTRL Systems will useEnersize 's Compressed Air Services SaaS platform to provide energy optimization of industrial compressed air to the North and Central American market. - On
November 23 ,Enersize announced that the unit issue announced onOctober 24 had been fully subscribed and that 98.2% of the issue had been subscribed directly by new and existing shareholders and only 1.8% by guarantors.
Summary of the Group’s indicators
EUR | 2022 Q3 | 2021 Q3 | 2022 Q1-Q3 | 2021 Q1-Q3 |
| Net sales | 27,241 | 67,310 | 116,776 | 189,215 |
| Gross margin, % | 50 | 52 | 54 | 60 |
| Operating profit (EBIT) | -509,674 | -404,724 | -1,446,554 | -1,319,866 |
| EBIT margin, % | Neg. | Neg. | Neg. | Neg. |
| Profit before appropriations and taxes | -518,243 | -460,600 | -1,483,092 | -1,485,470 |
| Profit margin, % | Neg. | Neg. | Neg. | Neg. |
| Earnings per share before and after dilution | -0.0011 | -0.0020 | -0.0031 | -0.0064 |
| Equity ratio, % | 472,547,704 | 233,773,853 | 472,547,704 | 233,773,853 |
| Balance sheet total | 472,547,704 | 233,704,779 | 472,547,704 | 233,370,492 |
| Cash flow from operating activities | 56.9 | 27.2 | 56.9 | 27.2 |
| Average number of employees | 1,635,827 | 1,797,022 | 1,635,827 | 1,797,022 |
*To increase comparability, consulting fees have been deducted from material and services when calculating the indicator since the consultant is now a permanent employee of the company.
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