Elmera Group ASA
ELMRA
ISIN NO0010815673 / Valor 40698368
Elmera Group ASA
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About company
Elmera Group ASA, headquartered in Bergen, operates as a conglomerate with a focus on the energy sector, primarily within Norway, Sweden, and Finland. As a listed entity on the Oslo Stock Exchange under the ticker ELMRA, the company plays a pivotal role in providing a suite of products and services tailored to the evolving needs of the energy industry. Its business operations encompass the sale of counseling services, computer software, and power agreements, all designed to support energy companies and the wholesale market. Additionally, Elmera Group ASA extends its offerings to include various products aimed at fostering a low emission society, catering to a diverse clientele that spans both consumer and business segments. This strategic positioning allows the company to address the complex demands of end users of electricity, reinforcing its commitment to innovation and customer service in the energy domain.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (05.02.2026):
Elmera Group ASA — Q2 2025: Elmera reported adjusted net revenue of about NOK 370m (down from NOK 389m in Q2 2024) and adjusted EBIT of NOK 93m (vs NOK 106m). Reported EBIT was NOK 75.8m and profit for the period was NOK 27.3m. Cash from operating activities was negative at NOK -98m for the quarter, while cash and cash equivalents at 30 June 2025 were NOK 452m. The company paid a dividend of NOK 3.00 per share on 12 May 2025. Management reconfirmed stable nominal opex guidance for 2025 and noted increased credit and hedging losses in the Nordic segment driven by weakening SME Horeca customers in Sweden.
Revenue and profitability
Adjusted net revenue Q2 2025: NOK 370m (Q2 2024: NOK 389m). Adjusted EBIT Q2 2025: NOK 93m (Q2 2024: NOK 106m). Reported operating profit (EBIT) was NOK 75.8m and profit for the quarter was NOK 27.3m.
Trailing‑12M (LTM) performance
LTM adjusted net revenue: NOK 1,725m (prior LTM NOK 1,762m). LTM adjusted EBIT: NOK 500m (prior LTM NOK 546m), showing a moderate decline year‑on‑year.
Cash flow and balance sheet
Net cash from operating activities: NOK -98m (Q2 2024: NOK 594m). Cash and cash equivalents at 30 June 2025: NOK 452m. Total equity at 30 June 2025: NOK 1,353m; total capital: NOK 5,099m. Reported net financial cost in the quarter was NOK -34m.
Segments, volumes and operations
The Nordic segment saw increased credit and hedging losses tied to SME Horeca weakness in Sweden. Consumer and Business segments showed customer growth (Consumer added ~6k deliveries in the quarter; Business added ~1.3k deliveries). Mobile subscribers reached ~114k. Management completed bringing the in‑house Power Trading function fully operational from May 2025.
Costs, investments and contract activity
Adjusted operating expenses Q2 2025: NOK 277m (Q2 2024: NOK 282m). Payments to obtain new contracts in Q2: NOK 39m (LTM NOK 137m). Adjusted opex guidance for 2025 remains stable in nominal terms.
Key risks, working capital and other items
Reported net working capital increased related to a new financing structure and sourcing model, but management states underlying leverage is unchanged. The Group flagged short‑term volatility from electricity demand, prices and counterparty credit risk. No significant events after the reporting period were reported.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
366 M
Market cap (USD)
914,090
Daily traded volume (Shares)
38.75 / 38.25
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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