<h2>Today ABG Sundal Collier sponsored research initiates coverage of Energy Save. Read the full report <a href="/link/92cb54e3d37c44d7bca4872652036ffa.aspx#mce_temp_url#"><span style="text-decoration: underline; color: #0000ff;">here!</span></a></h2> <hr /> <h2>Ready to ride the next green wave</h2> <hr /> <p><img src="/link/ca6f2bf5e6104858b1787e55e85a400a.aspx" alt="example_picture" width="500" height="197" /></p> <hr /> <p>Energy Save is a Swedish heat pump manufacturer (~75% residential, ~25% commercial) that uses in-house R&D and outsourced production to deliver growth above the market (>20%) and a 15% EBIT margin in the longer-term. The company has grown sales by ~30% p.a. historically, and sells its products through distributors under its own brand, and to OEMs through a private label approach.</p> <hr /> <p><img src="/link/8e9f5e9bbff64fe5b8d1dc4557594410.aspx" alt="" width="500" height="1054" /></p>