Norway's Bonheur Q1 net profit jumps, helped by renewable energy segment

Bonheur ASA

12/05/2026 07:08

Overview

Norway conglomerate's Q1 revenue was flat yr/yr at NOK 2.87 bln

Q1 net profit rose sharply, driven by improved financial items and renewable energy gains

Wind services EBITDA fell, while cruise segment showed improved occupancy and income per passenger day

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

RENEWABLE ENERGY GROWTH - Improved generation, higher power prices in Scandinavia, and Crystal Rig IV starting operation boosted Renewable Energy EBITDA

WIND SERVICE DECLINE - Wind Service EBITDA fell due to lower segment revenue, despite backlog growth and stable vessel utilization

CRUISE RECOVERY - Cruise segment returned to positive EBITDA, supported by higher occupancy and increased income per passenger day

Company press release: ID:nObit6t2ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 2.87 bln
Q1 Net Income
NOK 294 mln
Q1 EBIT
NOK 476 mln
Q1 EBITDA
NOK 760 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Bonheur ASA is NOK307.50, about 18.3% above its May 11 closing price of NOK260.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)