Bildkälla: Stockfoto

Enersense International Q3: Strong results, guidance remains unchanged - SEB

Q3 was stronger than expected, but the guidance remains unchanged. This signals to us that Q4 will not be as strong as Q3. Also, Q3 profitability was supported by a couple of one-time items. Wind power pipeline of 3,000 MW remains unchanged. There is some pressure to lift our FY2022 estimates, but we do not see that much pressure on FY2023-24 estimates. All-in-all, good results and small positive share reaction is justified, in our view.

Q3 was stronger than expected, but the guidance remains unchanged. This signals to us that Q4 will not be as strong as Q3. Also, Q3 profitability was supported by a couple of one-time items. Wind power pipeline of 3,000 MW remains unchanged. There is some pressure to lift our FY2022 estimates, but we do not see that much pressure on FY2023-24 estimates. All-in-all, good results and small positive share reaction is justified, in our view.
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