Finland's Enersense Q3 revenue rises on power business unit growth

Enersense International Oyj

05/11/2026 06:49

Overview
Finland infrastructure services firm's Q3 revenue rose 7.4% yr/yr
Adjusted EBITDA margin declined, mainly due to low market activity in Estonia and Aquatech delays
Company maintained full-year adjusted EBITDA guidance, expects strong Q4 from major projects

Outlook
Enersense maintains 2026 adjusted EBITDA guidance of EUR 19–23 mln
Company expects favourable market conditions in key segments in Finland and Sweden for 2026
Market activity in the Baltics expected to remain low for rest of 2026

Result Drivers
POWER BUSINESS UNIT - Co said Q3 growth was driven by the Power Business Unit, with adjusted EBITDA improving in all lines except Estonia
ESTONIA MARKET SLOWDOWN - Adjusted EBITDA declined mainly due to low market activity in Estonia and a slower than expected ramp-up of the Aquatech project, per CEO Kari Sundbäck
DATA CENTRE PROJECTS - Co said an increasing share of business in Power and Connectivity units came from data centre-related electricity grid and data network capacity build-outs

Company press release: ID:nMFN4HbbrG

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 87.10 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Enersense International Oyj is €6.20, about 22% above its November 4 closing price of €5.08
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Nov 4 - Construction firm NYAB Q3 operating profit rises on order intake
Nov 5 - Norway's NRC Group Q3 revenue flat, EBIT rises on Finland demand
Nov 2 - Finland's Aspo Q3 net sales rise 12%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)