Enersize Oyj (“Enersize” or “the Company”) announces that Mangold Insight, Mangold’s analysis service, has published an updated analysis of Enersize. An excerpt from the analysis is reproduced below.
The analysis in its entirety is available in Swedish and can be read here. For complete press release in Swedish from Mangold, see here.
Imprint on the compressed air market
Enersize, which sells technology for cost savings in compressed air systems, has started 2021 strongly. Sales for the first quarter amounted to just over SEK 730,000, an increase of 34 percent compared with the same period in 2020. Enersize has, among other things, opened up the Moroccan market through the consulting company SCOPP Solutions, which has an extensive customer network. Enersize has also entered into an agreement with the Swedish company Momentum Industries. Mangold is positive about the expected effect these agreements are expected to bring in the form of increased sales and recurring income. Furthermore, Enersize’s business model entails high scalability, which contributes to attractive margins in the future.
Move to Software as a Service
Enersize’s revenues have previously come from a wide range of energy optimization services. The company is now changing its sales strategy to a SaaS model and expertise for energy optimization of industrial compressed air. Sales will generate recurring revenue and scalability.