Norway's Elmera Q1 adjusted revenue rises, lifts 2026 EBIT target

Elmera ASA

13/05/2026 06:18

Overview

Norway electricity retailer's Q1 adjusted net revenue rose yr/yr

Adjusted EBIT for Q1 increased, supported by higher volumes and elspot prices

Company acquired Swedish retailer Telinet Energi and raised 2026 adjusted EBIT target

Outlook

Elmera raises 2026 adjusted EBIT target to NOK 575m, including Telinet Energi acquisition

Company says Telinet Energi acquisition strengthens Nordic footprint and Swedish B2C portfolio

Result Drivers

HIGHER VOLUMES AND ELSPOT PRICES - Co said increases in adjusted net revenue and EBIT were supported by higher sales volumes and elspot prices compared to Q1 2025

CUSTOMER GROWTH IN CONSUMER SEGMENT - Continued organic customer growth in Consumer segment attributed to Norgespris introduction and commercial execution, per CEO Rolf Barmen

RECORD BUSINESS SEGMENT PERFORMANCE - Business segment reported record-high financials in the quarter, per CEO Rolf Barmen

Company press release: ID:nObiSpbHKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Revenue
NOK 527 mln
Q1 Adjusted EBIT
NOK 201 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"

The average consensus recommendation for the electric utilities peer group is "hold."

Wall Street's median 12-month price target for Elmera Group ASA is NOK31.00, about 4.8% below its May 12 closing price of NOK32.55

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