Overview
Norway energy firm's Q4 adjusted net revenue fell yr/yr, but adjusted EBIT increased
Adjusted EBIT growth driven by strategic customer and contract adjustments
Company introduced Norgespris, customer growth trend turned positive
Outlook
Elmera targets adjusted EBIT of NOK 550m for 2026
Company expects customer growth trend to continue into 2026
Result Drivers
VOLUME DECREASE - 5% volume decrease due to milder weather and strategic customer phase-out, impacting revenue
NORGESPRIS IMPACT - Introduction of Norgespris initially caused churn, but customer growth turned positive, per CEO Rolf Barmen
STRATEGIC ADJUSTMENTS - EBIT growth driven by phasing out low-margin customers and legacy contract run-off
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Revenue
NOK 463 mln
Q4 Adjusted EBIT
NOK 159 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for Elmera Group ASA is NOK36.00, about 12.2% below its February 11 closing price of NOK41.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nObiXgWZka
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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.)
