Norway's Bonheur Q3 revenue and profit rise year-on-year

Bonheur ASA

30/10/2026 07:11

Overview
Norway diversified holding company's Q3 revenue and net profit rose yr/yr
Renewable Energy segment EBITDA rose, while Wind Service and Cruise EBITDA declined

Outlook
Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers
RENEWABLE ENERGY GENERATION - Co said Renewable Energy segment EBITDA rose due to 15% increase in generation, mainly from Crystal Rig IV and higher output in Sweden
POWER PRICES - Co said higher gas prices led to increased power prices in UK and Scandinavia, supporting Renewable Energy segment results
CRUISE OCCUPANCY - Co said Cruise segment occupancy rose to 85% from 81% yr/yr, with booking numbers up 17%

Company press release: ID:nObizZ2FRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating  Revenue
 
NOK 3.62 bln
 
Q3 Net Income
 
NOK 673 mln
 
Q3 EBIT
 
NOK 930 mln
 
Q3 EBITDA
 
NOK 1.23 bln
 

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 NOK280.50, about 10.4% above its October 29 closing price of NOK254.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Oct 29 - Norway's Statkraft profit rises on higher power prices
Oct 28 - Finland's Fortum Q3 revenue rises on higher nuclear generation volumes
     

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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.)