Enersize H1 2021 Company Brief

Enersize's H1 company brief can be found on the company's website enersize.com. Below is a translation of selected parts of the H1-report originally published in Swedish on August 20, 2021, with the title "Enersize offentliggör halvårsrapport 2021".

April – June 2021

  • Net sales for the second quarter 2021 amounted to EUR 49,156 (35,384).
  • Operating profit (EBIT) for the second quarter 2021 amounted to EUR -517,825 (-373,937).
  • Profit before appropriations and taxes for the second quarter 2021 amounted to EUR -610,293 (-414,638).
  • Average number of employees for the second quarter 2021 amounted to 10.0 (10.5).

January – June 2021

  • Net sales for the second quarter 2021 amounted to EUR 121,905 (89,285).
  • Operating profit (EBIT) for the second quarter 2021 amounted to EUR -915,141 (-705,105).
  • Profit before appropriations and taxes for the second quarter 2021 amounted to EUR -1,024,870 (-758,274).
  • Average number of employees for the second quarter 2021 amounted to 9.5 (8.5).

Significant events during 2021

First quarter

  • Enersize signs Partnership Agreement with Moroccan partner SCOPP Solutions SARLAU Capital 100.000DH.
  • The company is invited by World Wide Fund for Nature to participate in their work to reduce resources used by supplier factories in India.
  • Enersize signs Letter of Intent with eClouds Energy LLP in India.
  • Erik Sundqvist assumes the role as CFO for Enersize.

Second quarter

  • Enersize receives its first order from Moroccan partner SCOPP Solutions.
  • Saint Gobain Sweden AB ISOVER in Billesholm orders a subscription of Compressed Air Services from Enersize.
  • Live broadcast and release of the new Enersize.
  • Enersize enters into an agreement regarding a credit facility of in total SEK 8.4 million with a smaller group of investors.
  • Enersize agrees on extension of ongoing pilot projects with Scania Industrial Maintanance AB.

Significant events after the period

  • Partnership Agreement is signed with South Korean Das Korea.
  • Enersize receives order from Morocco through local partner SCOPP Solutions.
  • South Korean partner Das Korea orders equipment to be used with Enersize’s Compressed Air Services.

Summary of the Group’s indicators

EUR 2021
Q2
2020
Q2
2021
H1
2020
H1
2020
Full year
Net sales 49,156 35,384 121,905 89,285 222,209
Gross margin, % 63 48* 65 51* 59*
Operating profit (EBIT) -517,825 -373,937 -915,141 -705,105 -1,856,189
EBIT margin, % Neg. Neg. Neg. Neg. Neg.
Profit before appropriations and taxes -610,293 -414,638 -1,024,870 -758,274 -2,180,835
Profit margin, % Neg. Neg. Neg. Neg. Neg.
Earnings per share before and after dilution -0.0026 -0.0041 -0.0044 -0.0074 -0.0094
Equity ratio, % 52.3 83.2 52.3 83.2 77.5
Balance sheet total 1,791,627 3,886,925 1,791,627 3,886,925 2,296,683
Cash flow from operating activities -290,311 -121,528 -685,380 -501,002 -1,892,598
Average number of employees 10.0 10.5 9.5 8.5 9.0

*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.

More from the Newsletter

FOR INVESTORS

Change in the number of shares in Enersize Oyj

In connection with the recently completed fully guaranteed rights issue, Enersize Oyj (“Enersize” or the “Company”) entered into guarantee agreements with a number of qualified investors. Two of the guarantors have now chosen to receive the guarantee compensation in the form of newly issued shares. The Board has, with the support of the authorization from the Extraordinary General Meeting on November 5, 2021, decided on a directed issue of a total of 4,999,999 shares in the Company, and the subscription price has been set at SEK 0.12.

Läs mer »

Enersize Oyj announces final outcome of the rights issue

The rights issue in Enersize Oyj (“Enersize” or the “Company”), which was resolved at the Extraordinary General Meeting of Enersize on 5 November 2021 (the “Rights Issue”), was subscribed to 100 percent, corresponding to approximately SEK 14 million. In total, 116,886,926 shares were subscribed for, of which 59,856,938 with preferential rights, 20,416,719 without preferential rights and 36,613,269 within the framework of the procured consortium of underwriters. In addition, the Company will receive approximately SEK 14 million through the directed issue, which was resolved at the Extraordinary General meeting on 5 November 2021 (the “Directed Issue”), resulting in the Company receiving a total of approximately SEK 28 million before issuance costs.

Läs mer »

Enersize Oyj publishes information memorandum regarding the rights issue

Enersize Oyj (”Enersize” or the “Company”) today publishes an information memorandum by reason of the rights issue of shares resolved by the Extraordinary General Meeting of Enersize on 5 November 2021, in accordance with the proposal of the Board of Directors (the “Rights Issue”). Upon full subscription in the Rights Issue, the Company will receive approximately SEK 14 million before issue costs. The Rights Issue is secured through underwriting commitments corresponding to 100 percent of the maximum issue volume. Enersize also carries out a directed share issue of approximately SEK 14 million to ten qualified investors.

Läs mer »

Enersize Q3 2021 Company Brief

Enersize Oyj’s Q3 company brief can be found on the company’s website enersize.com. Below is a translation of selected parts of the Q3 2021 company brief originally published in Swedish on November 11, 2021, with title “Enersize offentliggör delårsrapport för tredje kvartalet 2021”.

Läs mer »

NEWS