Energy Save: Q3’22/23 – Executes on its growth agenda

Research Note



Redeye comments on Energy Save’s Q3’22/23 report, which once again showed superior growth (157% y/y) and healthy profitability levels. However, both net sales and EBIT came in slightly lower than our estimates, partly due to higher seasonal effects than expected and further investments across its organization.



Viktor Lindström

Henrik Alveskog

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