Operating environment

Despite the geopolitical tensions caused by ongoing international conflicts and uncertainties related to the development of the global economy, in January–September 2024, the overall market situation in Enersense’s business areas remained moderate.

Increased uncertainty about economic development and higher operating and financial costs have had a negative impact on some customers’ investment and business environments. On the other hand, given the changed geopolitical situation, energy solutions are being made more self-sufficient in Europe, and this is expected to speed up the implementation of projects related to the energy transition. This trend is also supported by long-term EU-level and national energy and climate policy. However, short-term decisionmaking and changes in the regulatory environment create uncertainty in the market.

(Q3/2024 Business Review, 28.10.2024)