Q2 2025 Elmera Group ASA Earnings Call Transcript
Key Points
- Elmera Group ASA (FRA:1ZK) reported strong customer growth across all segments, with the Consumer segment achieving its strongest quarterly organic growth since Q4 2022.
- The in-sourcing of the Power Trading function has improved forecasting accuracy, contributing to more efficient operations and reduced costs.
- The company successfully increased both adjusted EBIT and net revenue margin per kilowatt hour through effective product management and pricing strategies.
- The mobile business segment continued to grow, with an increase in both the number of subscribers and average revenue per user (ARPU).
- Elmera Group ASA (FRA:1ZK) has a promising outlook for growth in the Nordic segment, particularly with the launch of Fjordkraft Företag in Sweden and plans to expand the Fjordkraft brand in the B2C segment.
- The Nordic segment faced challenges due to credit and hedging losses, impacting group figures year over year.
- Net revenue and EBIT adjusted figures decreased compared to the previous year, with net revenue at NOK370 million, down from NOK389 million in Q2 2024.
- The company experienced credit and hedging losses in the Nordic segment, particularly due to weakening creditworthiness among some SMEs in Sweden.
- The Business segment saw a reduction in net revenue from NOK123 million in Q2 2024 to NOK150 million in Q2 2025.
- Elmera Group ASA (FRA:1ZK) anticipates that net revenue and EBIT adjusted will likely be below targeted levels for 2025 due to increased credit risk and low volumes.
My name is Rolf Barmen, Head of the Elmera Group. Our CFO, Henning Nordgulen is as usual with me and will take us through the financials. Morten Opdal, our Head of Investor Relations, is also with us and will take questions during the presentation and address them to Henning and myself in our Q&A session. In the second quarter, we continued our strong operational development from the first quarter. We are particularly satisfied with the customer development in the quarter, which obviously is a key aspect to long-term profitability.
The customer growth accelerated. It was all of the group's reporting segments in the quarter, a testament periodically of our portfolio of brands and our distribution power. As for May 2025, the group's in-house Power Trading function became fully operational. Among its new responsibilities is daily volume forecasting, where accuracy directly impacts balancing costs. Since the in-sourcing, forecasting accuracy has improved significantly and is contributing to more efficient operations and reduce
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