Es Energy Save Holding Ab Class B · OMXSTO:ESGR_B
Es Energy Save Holding Ab Class B — Q3 2025 Earnings Presentation
13 slides from Es Energy Save Holding Ab Class B's earnings presentation, Nov 13, 2025
Slide 1: Interim Report 1 January–30 September 2025
Interim Report 1 January–30 September 2025 Strong recovery Q-on-Q and well positioned for Q4 © ES Energy Save 2025-11-13 1
Slide 2: Interim Report January–September 2025
Interim Report January–September 2025 Strong recovery quarter-on-quarter, with cost discipline and our new product offer putting us in a good position for the final quarter of 2025 • Net sales decreased by 9% to 46,3 MSEK (51,2), but with an increase of 200% ▪ After the end of the quarter new distri
Slide 3: Strong Q-on-Q recovery
Strong Q-on-Q recovery Net revenue and operating income QUARTER TSEK Change Jul–Sep 2025 Jul–Sep 2024 Operating income, TSEK -12% 46,776 53,081 Net revenue, TSEK -9% 46,334 51,171 120 000 108 149 103 134 100 000 80 000 63 043 60 000 57 121 53 893 51 171 53 081 53 012 46 334 46 776 42 410 44 475 43 5
Slide 4: Improved margins
Improved margins EBIT QUARTER Jul–Sep 2025 Jul–Sep 2024 TSEK Gross profit, TSEK 15,611 16,272 Gross margin Net Sales , % 33 28 EBIT, TSEK -3,384 -5,063 EBIT-margin, % -7 -10 Profit / Loss, TSEK -3,430 -5,284 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 20% 3% 0% -3
Slide 5: Strengthened cash flow
Strengthened cash flow OPEX and cash flow TSEK QUARTER Change Jul-Sep 2025 Jul-Sep 2024 Other external costs -27% -8,515 -11,709 Personnel cost 4% -8,380 -8,026 Operative cash flow 725 -4,579 5
Slide 6: Even y-o-y segment split
Even y-o-y segment split Net sales by business area QUARTER TSEK Change Jul-Sep 2025 Jul-Sep 2024 Residential property -8% 40,616 (88%) 44,309 (87%) Commercial property -16% 5,372 (11%) 6,368 (12%) Services and after-sales 346 (1%) 494 (1%) 46,334 51,171 120 000 99 568 100 000 80 000 60 000 47 922 4
Slide 7: Strong ES sales
Strong ES sales Net sales by brand QUARTER TSEK Change Jul-Sep 2025 Jul-Sep 2024 OEM -22% 27,847 (60%) 35,816 (70%) ES +20% 18,487 (40%) 15,355 (30%) 46,334 51,171 100 000 92 991 90 000 80 000 70 000 60 000 50 000 45 884 40 000 36 951 35 816 36 669 31 621 30 000 27 847 20 000 16 343 18 487 15 355 10
Slide 8: European sales focus
European sales focus Net sales geographic QUARTER TSEK Change Jul-Sep 2025 Jul-Sep 2024 Scandinavia -37% 3,449 (7%) 5,470 (11%) Europe outside of -6% 42,885 (93%) 45,701 (89%) Scandinavia 46,334 51,171 120 000 100 000 97 860 80 000 60 000 52 853 45 701 47 803 42 885 40 000 32 401 24 656 20 000 14 13
Slide 9: Strong recovery Q-on-Q
Strong recovery Q-on-Q Number of heat pumps sold 3000 2 661 2500 2000 1 566 1500 1 284 1 337 1 134 1000 496 467 500 247 0 Oct–dec 2023 Jan–mar 2024 Apr–jun 2024 Jul–sep 2024 Oct–dec 2024 Jan–mar 2025 Apr–jun 2025 Jul-sep 2025 9
Slide 10: Reduced inventory levels
Reduced inventory levels Balance sheet TSEK Change Sep 30 2025 Sep 30 2024 Fixed Assets +19% 71,594 60,361 Current Assets Inventories -9% 93,186 102,600 Current receivables -33% 28,748 43,149 Cash and bank balances -38% 32,236 52,242 Total Assets -13% 225,765 258,352 Equity -15% 156,651 185,125 Prov
Slide 11: Moving forward
Interim Report January–September 2025 Moving forward Improved sales, reduced uncertainty and increased competitiveness • Positive outlook on OEM business segment remains for General outlook Q4 • Market has entered peak season • Delivery of ES new residential propane program to distributors has start
Slide 12: Summary
Interim Report January–September 2025 Summary Strong position moving forward • Uncertainty is significantly reduced • Challenging period of stock balancing OEM customers is behind us – recovery in line with expectations • Savings package keeps providing positive effect • Strategic investments in pro
Slide 13: Q&A
Q&A 13
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