Ennogie Solar Group A/S
CCPH:ESG1.51
DKK
-0.01
(-0.66%)
Ennogie Solar Group A/S
CPH:ESG
(Nasdaq Copenhagen)
Recent
price
1.51
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Ennogie Solar Group A/S develops, manufactures, and sells building-integrated solar roofs and energy systems, primarily operating in Denmark, Germany, and expanding into other European markets including France, Poland, Austria, and Switzerland. Its core product offering includes a solar cell roof system that replaces traditional roofing materials with integrated solar cells, microinverters, control units, and battery packs, providing sustainable electricity generation and acting as a building's climate shell. The company targets both individual homeowners and professional customers, including public housing sectors, with solutions emphasizing aesthetics, economy, and sustainability. Founded in 1951 and headquartered in Herning, Denmark, Ennogie is recognized as a leading supplier of solar roofs in the Nordic region. Recent significant developments include a strategic push for international expansion beyond Germany into new markets such as France and Poland, supported by ongoing research and development collaborations including a project with Danfoss and DTI. In 2023, Ennogie launched the "Sun Spot" integrated solar system for roofs and introduced a new red solar roof variant designed to meet specific architectural and municipal requirements in Denmark. The company secured a landmark order in 2025 for the supply of these red solar roofs in a large-scale renovation project in Glostrup, Denmark, representing its largest order to date. Ennogie also enhanced market penetration in Germany through an agreement with Dachdecker-Einkauf, covering thousands of roofing companies. Financially, Ennogie achieved robust revenue growth from DKK 15 million to approximately DKK 100 million within a few years, reflecting strong market demand and strategic execution. Additionally, it secured convertible loans from major shareholders in 2025 to support expansion. The company holds IEC certification for its solar panels and maintains Environmental Product Declarations registered in both Denmark and Germany, underscoring its commitment to sustainability and product quality. Ennogie's business model focuses on providing decentralized renewable energy solutions by transforming roofs into productive, self-sufficient energy assets that reduce reliance on non-renewable sources and lower energy costs. It operates subsidiaries including Ennogie ApS and engages publicly listed on Nasdaq Copenhagen under the ticker ESG.CO. The company continues to innovate and scale its operations by leveraging strategic partnerships and market opportunities in the European solar energy sector.