Norway's Elmera Q2 adjusted revenue rises on higher volumes and prices

Elmera ASA

19/08/2026 06:13

Overview
Norway energy retailer's Q2 adjusted net revenue rose yr/yr on higher volumes and prices
Adjusted EBIT increased yr/yr as operating expenses remained stable
Company maintains 2026 financial targets; Fortum tender offer process ongoing

Outlook
Elmera maintains 2026 financial targets, including adjusted EBIT around NOK 575 mln with Telinet included

Result Drivers
HIGHER VOLUMES AND PRICES - Co said increased volumes and high elspot prices contributed positively to earnings
CUSTOMER GROWTH - Co said Consumer segment continued positive customer growth trend, per CEO Rolf Barmen
SEGMENT IMPROVEMENT - Co said Business delivered highest adjusted EBIT in three years and Nordic improved significantly yr/yr

Company press release: ID:nObiXrm9La

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Revenue
 
NOK 399 mln
 
Q2 Adjusted EBIT
 
NOK 121 mln
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
Wall Street's median 12-month price target for Elmera Group ASA is NOK43.00, about 5.8% below its August 18 closing price of NOK45.65
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

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Aug 17 - Norway's Equinor expands U.S. power business with $940 mln stake in gas-fired plant

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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.)