Sustainable Energy Solutions

2024-07-01 - 2024-09-30 (third quarter)

• Net sales amounted to 0 kSEK (3 553).
• Operating profit (EBIT) amounted to -8 965 kSEK (-1 499).
• Operating profit/loss before depreciation and amortization (EBTIDA) amounted to -6 836 kSEK (530).
• Earnings per share amounted to -0,05 SEK (-0.01).
• Cash flow from operating activities amounted to 659 kSEK (-6 388).

kSEK = thousand SEK

Comment from Henrik Boman, CEO of SENS:
"The need for sustainable energy storage solutions continues to grow, especially in light of the challenges facing the global energy market. As more wind and solar farms are established, the need for robust storage solutions to ensure the availability of energy increases; not least due to widely varying weather conditions but also the ever-increasing electricity consumption.

As you know, SENS plays a crucial role, with solutions such as underground pumped hydro storage (UPHS) and other innovative energy storage technologies, which will be central to the technological energy systems of the future. Although several of our initiatives are still at an early stage, SENS continues to make clear progress with an increasing number of projects and establishments. The sharp increase in interest in our solutions confirms that SENS is on the right track based on its leading role.

For SENS, the third quarter has been a period of focus on driving ongoing projects forward while taking further important steps in our international expansion. This focus in our project portfolio has led to our projects continuing to develop in the right direction, but as the divestments of the projects are progressing according to plan, the revenue part has suffered during the quarter."