ES Group AB (publ) Class B

ES Group AB (publ) Class B

SSTO:ESGR_B
15.00
SEK
-0.65
(-4.15%)
-3.16EPS
118.55MMarket Cap
Nov 13Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.9
11.23
12.16
18.56
45.26
26.16
28.24
28.26
Basic EPS, GAAP
-0.68
-1.3
-1.6
0.25
5
-3.9
-3.47
-3.16
Free Cash Flow per Basic Share
0.11
-4.15
-3.31
-2.01
-2.72
-8.95
-2.38
-0.12
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.43
2.98
5.89
8.64
34.8
27.35
23.87
21.16
Tangible Book Value per Share
-1.61
-0.84
1.43
4.7
31.14
25.54
16.82
14.02
Basic Weighted Avg Shares
3
3
5
6
7
7
7
7
Sales/Revenue/Turnover
38
39
55
108
298
171
186
186
Operating Margin (%)
-6.16
-11.16
-12.79
0.75
14.31
-16.48
-11.95
-10.63
Depreciation Expense
- -
- -
1
3
5
6
8
11
Net Income, GAAP
-2
-5
-7
1
33
-25
-23
-21
Effective Tax Rate (%)
- -
- -
- -
- -
21.95
- -
- -
- -
Profit Margin (%)
-6.24
-11.58
-13.15
1.35
11.05
-14.91
-12.28
-11.19
Working Capital
-4
3
18
38
104
126
87
69
LT Debt
3
6
7
7
1
- -
2
2
Total Equity
7
15
29
51
228
180
157
139
Return on Invested Capital (%)
- -
- -
- -
1.42
21.2
- -
- -
- -
Return on Capital (%)
- -
- -
- -
6.26
22.25
- -
- -
- -
Return on Common Equity (%)
- -
-42.55
-33.77
3.7
23.67
-12.48
-13.54
-13.91

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23
21
23
LT Borrowings
2
2
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
108
89
119

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
149
128
115
Cash, Cash Equivalents & STI
23
24
18
Accounts Receivable, Net
34
18
16
Inventories
82
78
72
Total Current Liabilities
62
45
46
Payables & Accruals
- -
- -
- -
ST Debt
23
21
23
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
97.52%
-12.72%
Free Cash Flow
- -
37.47%
-73.17%
Net Income, GAAP
- -
381.92%
-10.18%
Sales/Revenue/Turnover
- -
55.76%
9.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27
33
50
59
171
2025
54
15
46
70
186
2026
49
20
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.21
-0.83
-1.17
-0.53
-3.9
2025
-0.6
-2.45
-0.52
0.11
-3.47
2026
-0.68
-2.07
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yi Bo Zhao
Full Time Employees
35
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Alingsås Sweden
IPO Date
Sep 30, 2020
Business
ES Group AB (publ) is an energy technology company that develops, manufactures, and distributes energy-efficient heat pump systems and digitized thermal energy solutions for residential, commercial, and industrial properties. The company operates through specialized segments focused on prefabricated and modular heat pump technology, intelligent energy management systems, and climate control infrastructure. Its core product and service portfolio includes residential air-to-water heat pump systems, comprising monobloc units, split systems, all-in-one indoor modules, and domestic hot water heat pumps; commercial modular heating and cooling solutions, including prefabricated containerized heat pump stations, high-capacity mobile energy modules, and cascading multi-unit configurations for multi-family dwellings, public buildings, and industrial facilities; digital energy platforms and Internet of Things (IoT) control systems, featuring proprietary cloud-based energy management software for remote monitoring, performance optimization, smart grid integration, and dynamic electricity price adaptation; and comprehensive technical engineering services, encompassing system design, commissioning support, installer training, and aftermarket technical assistance. Founded in 2009, ES Group AB (publ) is headquartered in Alingsås, Sweden, and serves property owners, building contractors, municipal developers, and HVAC distributors across the Nordic region, the United Kingdom, and continental Europe, including key markets in Germany, Italy, and Poland. In recent developments, the company has executed a corporate reorganization under the ES Group brand to accelerate European market penetration and scale international operations; entered strategic original equipment manufacturer (OEM) and commercial distribution agreements with leading European HVAC specialists and energy utilities; introduced next-generation modular heat pump platforms utilizing environmentally sustainable, low-GWP natural refrigerants (R290/propane) in compliance with European Union F-gas regulations; and expanded its digitized Energy Save Connect software capabilities to incorporate advanced peak-shaving, thermal energy storage management, and grid-support services for decentralized European power networks.