Enersense International Oyj, a leading provider of zero-emission energy solutions, has reported its Q3 2024 financial results, indicating a strong recovery and positive momentum in its business operations. The company's revenue for July-September 2024 increased by 18% compared to the same period last year, reaching EUR 111.5 million. This growth was largely driven by the Industry and Connectivity segments, with significant contributions from the construction of optical fibre networks.

The company has made notable progress in its efficiency program, resulting in an improved EBITDA of EUR 8.6 million for Q3 2024, up from EUR 3.9 million in Q3 2023. This positive shift in profitability was observed across all business segments.

Despite a decrease in the order backlog to EUR 353 million from EUR 511 million in the previous year, Enersense has secured several significant contracts, including a development project with Boliden and maintenance agreements with Telia Towers Finland Oy and Fingrid.

Enersense's strategic assessment, focused on enhancing core business operations and divesting non-core activities, is progressing as planned. The company's commitment to the green energy transition is further evidenced by its recent European patent for an innovative offshore wind power plant base solution.

In conclusion, Enersense's Q3 2024 results reflect a successful turnaround, driven by strategic initiatives and operational improvements. The company's focus on core business areas, coupled with strategic divestments, positions it well for future growth and increased shareholder value.