Overview
Norway industrial investor's Q1 revenue declined yr/yr, driven by lower ENRX revenue
Q1 operating profit more than doubled, supported by portfolio-wide profitability improvements
Company expects 2026 group revenue in line with 2025, operating profit to be significantly higher
Outlook
Arendals expects 2026 group revenue to be in line with 2025
Operating profit is expected to be significantly higher in 2026
Company says focus is on operational value creation and capturing structural opportunities
Result Drivers
ENRX REVENUE DECLINE - Lower revenue at ENRX due to softer market conditions and reduced activity across all regions
PORTFOLIO PROFITABILITY IMPROVEMENTS - Operating profit more than doubled, driven by profitability improvements across the portfolio
HIGHER POWER PRICES - Hydropower business delivered strong results as higher power prices offset lower production
Company press release: ID:nObi0LDcda
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenues
NOK 929 mln
Q1 Adjusted Net Income
NOK 33 mln
Q1 EBIT
NOK 155 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Arendals Fossekompani ASA is NOK245.00, about 28.6% above its May 12 closing price of NOK190.50
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)