Orron slides as costs hit Q2 earnings more than expected

Orron Energy AB

06/08/2025 08:43

** Shares in Orron Energy ORRON.ST are down 8% after the renewable energy firm posted Q2 earnings below estimates and raised its 2025 cost guidance

** Higher operating expenses resulted in the bigger-than-expected proportionate EBITDA loss of EUR 4.3 million for the second quarter, Pareto analyst Helene Tingvold says

** The firm now expects opex of EUR 19 million in 2025, a forecast raised by 2 million due to balancing costs in Sweden and Finland

** Orron also cut its 2025 production guidance with the forecast now skewed towards the lower end of the 900-1,050 GWh range

** The downgrade is due to lower-than-expected wind speeds, Pareto analyst says

** The stock is on track for its worst day in five months

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))