Operating environment

Despite the on-going international conflicts that maintain geopolitical tensions and uncertainty about the development of the global economy, the market situation in  Enersense’s business areas remained reasonably favourable during the first half of the year 2024. Political strikes that were arranged in Finland in the beginning of the year  were visible in the operating environment but they did not have any meaningful impact on Enersense’s operations.

Increased uncertainty about economic development and higher operational and financial costs arising from high inflation have had a negative impact on the investment  environment of certain customers. On the other hand, given the changed geopolitical situation, energy solutions are becoming 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 EU-level and national long-term energy and climate  policy. However, shorter term decision making and changes in the regulatory environment will create uncertainties to the market.

(Half-year Financial Report, 1 August 2024)