Sweden's Orron Energy returns to positive EBITDA in Q3
Sweden's Orron Energy returns to positive EBITDA in Q3
Overview
Sweden renewable energy firm's Q3 revenue from power generation rose year-on-year
Company reported positive EBITDA for the quarter, compared to a loss last year
Cloudberry transaction generated gain on sale and strengthened balance sheet
Outlook
Company expects Nordic power prices to remain elevated over the coming years
Company expects grid connection decisions for German projects by end-November 2026
Company sees elevated power prices continuing into 2027 and 2028
Result Drivers
CLOUDBERRY TRANSACTION - Combination with Cloudberry generated gain on sale, improved financial position and added exposure to Nordic power markets
KARSKRUV OUTPUT - Increased power generation and higher realised electricity prices from Karskruv wind farm
GERMAN PROJECT SALES - Initiated sales process for three integrated energy hubs in Germany, combining data centres, solar PV and battery storage
Company press release: ID:nWkr6hZ82r
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue From Power Generation |
| EUR 2.30 mln |
|
Q3 Net Loss |
| EUR 1.40 mln |
|
Q3 EBIT |
| -EUR 300,000 |
|
Q3 EBITDA |
| EUR 900,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the independent power producers peer group is "buy"
Reuters Recommended Reads
Nov 3 - Enlight Renewable Q3 revenue rises 40% on new projects
Nov 3 - Denmark's Solar Q3 revenue rises on organic growth
Nov 3 - Germany awards $13 billion gas plant contracts to utilities including LEAG, RWE
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)