April –
- Net sales for the second quarter 2022 amounted to
EUR 53,340 (49,156). - Operating profit (EBIT) for the second quarter 2022 amounted to
EUR -495,603 (-517,825). - Profit before appropriations and taxes for the second quarter 2022 amounted to
EUR -516,355 (-610,293). - Average number of employees for the second quarter 2022 amounted to 11.0 (10.0).
January -
- Net sales for the second quarter 2022 amounted to
EUR 89,532 (121,905). - Operating profit (EBIT) for the second quarter 2022 amounted to
EUR -936,880 (-915,141). - Profit before appropriations and taxes for the second quarter 2022 amounted to
EUR -964,849 (-1,024,870). - Average number of employees for the second quarter 2022 amounted to 11 (9.5).
Significant events during 2022
First quarter
Enersize renews strategic partner agreements with two previous partner companies,SCOPP Solutions SARLAU Capital 100,000DH andMomentum Industrial AB . The agreements form the basis ofEnersize 's new business model.Enersize Advanced Research AB has received an order from the Indonesian company PT Cicor Panatec, which includes both hardware and software related toEnersize 's SaaS platform.Enersize signs a letter of intent withAkila Information Systems Ltd , which is a milestone towards a partnership forEnersize products to be integrated into Akila Services and data platform.
Second quarter
- Scania extends and expands its pilot agreement with
Enersize by 12 months for energy savings and, in parallel,Enersize and Scania intend to start joint development projects in autumn 2022. - Scania orders hardware for the plant in Södertälje.
Enersize takes out bridging loans of a total ofSEK 5m from two existing shareholders to continue the establishment of the new SaaS business model.- Enersize Partner SCOPP receives new African orders from
Vivo Energy Maroc andMaghreb Steel . - DAS
Korea installs its first pilot as part ofEnersize onboarding.
Significant events after the quarter
- No significant events after the end of the period.
Summary of the Group’s indicators
EUR | 2022 Q2 | 2021 Q2 | 2022 H1 | 2021 H1 |
Net sales | 53,340 | 35,384 | 89,352 | 89,285 |
Gross margin, % | 53 | 48* | 50 | 51* |
Operating profit (EBIT) | -495,603 | -373,937 | -936,880 | -705,105 |
EBIT margin, % | Neg. | Neg. | Neg. | Neg. |
Profit before appropriations and taxes | -516,335 | -414,638 | -964,849 | -758,274 |
Profit margin, % | Neg. | Neg. | Neg. | Neg. |
Earnings per share before and after dilution | -0.0011 | -0.0041 | -0.0021 | -0.0074 |
Equity ratio, % | 82.0 | 83.2 | 82.0 | 83.2 |
Balance sheet total | 1,766,382 | 3,886,925 | 1,766,382 | 3,886,925 |
Cash flow from operating activities | -411,332 | -121,528 | -675,265 | -501,002 |
Average number of employees | 11,0 | 10,5 | 11,0 | 8,5 |
*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.
COMMENTS FROM CEO
The company invests in the new business model with multi-year contracts where the customer and
Describe the development during the second quarter?
The profit-based business model has been refined and offers and contracts have been sent out to a number of new customers. We invest in pilot projects together with new customers to be able to tell others what we do. We are working on starting up these deals in Q3 and Q4 as the sales cycle is long. In parallel, we have worked on slimming the organization and reducing overheads to make
Our development organization has started, and we now see the advantages of combining deep know-how in compressed air with competence in mathematics, physics and software. What
How have the sales gone and what do the results look like?
As CEO, I am constantly working to increase the sales rate, and I myself am active in the dialogues with our reference customers and the larger projects, such as the work with Scania that starts in the fall. I also work closely with our salespeople and participate in presentations to new customers, partly to develop our own sales work, partly to show customers that we are serious in our commitment to deliver energy optimization and improved quality. Sales during Q2 amounted to
What are the most important events of the year?
Two important milestones are that we now have a unique, well-reviewed agreement for profit sharing with the industry, and that Scania chose to go ahead with us in the pilot project and deepen the collaboration.
In June, we submitted two patent applications where we want, among other things, to prevent future competitors from linking the use of compressed air to the production results in individual production lines. As different production lines can use very different amounts of air, I am convinced that this will give
Another important event is that
You work more with direct sales in
The Swedish industry consumes 48 TWh of electrical energy each year and 10% of this goes to compressed air. With energy prices skyrocketing, especially in the south of
What do you expect from the coming six months?
Increased sales based on profit sharing! It is extremely important that we can demonstrate success with sales in order to gain trust from our shareholders to continue the journey and scale up the business in
Our own software will mean a paradigm shift in the compressed air industry in the long term and we continue to further develop both it and the company with the goal of becoming a leading supplier of energy efficiency for industrial compressed air.
Anders Sjögren
CEO,
© Modular Finance, source