Es Energy Save Holding Ab Class B · OMXSTO:ESGR_B
Es Energy Save Holding Ab Class B — Q1 2026 Earnings Presentation
13 slides from Es Energy Save Holding Ab Class B's earnings presentation, May 2026
Slide 1: Interim Report 1 January–31 March 2026
Interim Report 1 January–31 March 2026 First quarter of 2026 in line with expectations ES ENERGY SAVE HOLDING AB 1
Slide 2: Interim Report January–March 2026
Interim Report January–March 2026 First quarter of 2026 in line with expectations, with continued higher net revenue under our own brand, ES Energy Save. • During the quarter, the Board of Directors appointed Yibo Zhao as the new CEO, effective as of the Annual General Meeting held on 29 April. At t
Slide 3: Changes in line with expectations
Changes in line with expectations Net revenue and Operating income QUARTER TSEK Change Jan-Mar 2026 Jan-Mar 2025 Net revenue -8 % 49,425 53,893 Operating income -7 % 53,339 57,121 120 000 108,149 103,134 100 000 80 000 70,329 71,396 63,043 60 000 57,121 53,893 53,339 51,171 53,081 53,012 49,425 46,3
Slide 4: Increased R290 Commercial sales
Increased R290 Commercial sales Net revenue by business area QUARTER TSEK Change Jan-Mar 2026 Jan-Mar 2025 Residential Property -10% 44,487 (90%) 49,474 (92%) Commercial Property 50% 2,947 (6%) 1,959 (3%) Services and After-sales 1,992 (4%) 2,460 (5%) 49,425 53,893 120 000 99,568 100 000 80 000 66,6
Slide 5: Increased sales for ES Energy Save own brand
Increased sales for ES Energy Save own brand QUARTER Net revenue by brand Change Jan-Mar 2026 Jan-Mar 2025 TSEK ODM/WL -27% 33,497 (68%) 45,884 (85%) ES Energy Save +99% 15,928 (32%) 8,009 (15%) 49,425 53,893 100 000 92,991 90 000 80 000 70 000 60 000 51,855 50 000 45,884 40 000 35,816 36,669 33,497
Slide 6: Increased Scandinavian sales
Increased Scandinavian sales Net revenue Geographic QUARTER TSEK Change Jan-Mar 2026 Jan-Mar 2025 Scandinavia 564% 6,905 (14%) 1,040 (2%) Europe outside of -20% 42,520 (86%) 52,853 (98%) Scandinavia 49,425 53,893 120 000 100 000 97,860 80 000 63,376 60 000 52,853 45,701 47,803 42,885 42,520 40 000 2
Slide 7: Close comparison to first quarter 2025
Close comparison to first quarter 2025 Number of heat pumps sold 3 000 2,661 2 500 1,918 2 000 1,566 1,572 1 500 1,284 1,337 1,134 1 000 500 247 0 Apr–Jun 2024 Jul–Sep 2024 Oct–Dec 2024 Jan–Mar 2025 Apr–Jun 2025 Jul–Sep 2025 Oct–Dec 2025 Jan–Mar 2026 7
Slide 8: Continued cost awareness
Continued cost awareness OPEX TSEK QUARTER Change Jan-Mar 2026 Jan-Mar 2025 Other external costs -7% 10,190 10,980 Personnel expenses -1% 9,623 9,727 OPEX -4% 19,813 20,707 8
Slide 9: Positive increase in Gross margin
Positive increase in Gross margin EBIT QUARTER Jan-Mar 2026 Jan-Mar 2025 TSEK Gross profit 18,805 18,535 Gross margin net revenue, % 30 28 EBIT -4,187 -3,973 EBIT-margin, % -8 -7 Profit/Loss -4,458 -3,971 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 20% 3% 2% 0% -8% -7% -7% -8% -1
Slide 10: Reduced inventories levels
Reduced inventories levels Balance sheet TSEK Change Mar 31 2026 Mar 31 2025 Fixed Assets 7% 74,276 69,568 Current Assets Inventories -23% 79,600 103,933 Current receivables -27% 24,598 33,505 Cash and bank balances -20% 23,578 29,308 Total Assets -14% 202,053 236,314 Equity -13% 152,992 176,162 Pro
Slide 11: Positive cash flow from operating activities in the quarter
Positive cash flow from operating activities in the quarter Cash Flow TSEK QUARTER Change Jan-Mar 2026 Jan-Mar 2025 Cash flow from operating 5,055 -16,855 activities Cash flow from investment -4,207 -6,693 activities Cash flow from financing -342 -1,290 activities Change in cash and cash 506 -24,838
Slide 12: Summary Q1
Interim Report January–March 2026 Summary Q1 Achievements and milestones in the period Moving forward 2026 • Increased ES Energy Save sales, while experiencing a decrease in ODM/ • Management change will promote growth in our sales activities WL-sales. meanwhile keeping high cost discipline. • Intro
Slide 13: ES GROUP
ES GROUP
ES Energy Save Holding — Q1 2026 Earnings Presentation on 6ix