Zenergy (ZENZIP) Q3 2024 earnings summary

Executive summary

• Q3 2024 saw Zenergy strengthen its position in sustainable construction, integrating Kaper Norden and launching new energy solutions.

• Demand for energy-efficient buildings and renewable energy solutions continues to grow, with new strategic partnerships established.

• The company is focusing on reducing internal complexity and improving operational efficiency.

Financial highlights

• Q3 2024 revenue was 3,418 KSEK, down from 9,742 KSEK in Q3 2023; YTD revenue at 4,881 KSEK vs. 69,448 KSEK prior year.

• Net loss for Q3 2024 was -9,256 KSEK, compared to -110 KSEK in Q3 2023; YTD net loss -14,802 KSEK vs. profit of 328 KSEK prior year.

• Operating costs for Q3 2024 were -2,865 KSEK (production) and -6,630 KSEK (other), with depreciation at -2,311 KSEK.

• Cash and cash equivalents at period end were 8,653 KSEK, up from 8,019 KSEK a year earlier.

• Equity ratio improved to 35.3% from 27.0% in Q3 2023.

Outlook and guidance

• Signs of recovery in the construction sector are visible, with increased order intake and positive momentum in production.

• The company expects continued growth in demand for sustainable and energy-efficient solutions.

• Upcoming projects include a Gotland housing development and expanded energy efficiency services.