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.

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