Norway's Bonheur Q4 revenue falls, EBITDA rises

Bonheur ASA

25/02/2026 07:15

Overview

The Norwegian conglomerate's Q4 revenue fell yr/yr, while EBITDA rose

Company's net income increased yr/yr

Company proposed NOK 310 mln total dividend

Outlook

Bonheur expects Mid Hill windfarm to be out of operation until July 2026

Company anticipates Crystal Rig IV production start-up in 1Q 2026

Windy Standard III turbine transportation potentially delayed

Result Drivers

RENEWABLE ENERGY CHALLENGES - Reduced generation and UK grid upgrade program impacted Renewable Energy segment's EBITDA

WIND SERVICE IMPROVEMENT - Wind Service EBITDA increased significantly, with improved utilization and strategic investment from MEAG MUNICH ERGO Asset Management

CRUISE SEGMENT GROWTH - Cruise segment saw increased occupancy and net ticket income, with bookings up 17% yr/yr

Company press release: ID:nObiKTXRfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
NOK 2.94 bln
Q4 Net Income
NOK 314 mln
Q4 EBIT
NOK 486 mln
Q4 EBITDA
NOK 847 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 NOK283.00, about 6.4% above its February 24 closing price of NOK266.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

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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.)