Q1 2026 Elmera Group ASA Earnings Call Transcript
Key Points
- Elmera Group ASA (STU:1ZK) reported strong operational development with higher adjusted EBIT year-on-year across all segments.
- The Consumer segment experienced significant customer growth, with deliveries increasing by 20,000 over the last 12 months.
- The Business segment achieved record high net revenue and adjusted EBIT, demonstrating strong execution and earnings quality.
- The acquisition of Telinet Energi marked an important strategic step, increasing Elmera's footprint in the Nordic market.
- New Growth initiatives saw positive contributions from in-sourcing the power trading function and strong sales performance in Mobile subscriptions.
- Net financial costs increased significantly to NOK73 million, primarily due to higher elspot prices and increased volumes.
- Net revenue in the Consumer segment declined slightly year-on-year, despite strong customer growth and increased volumes.
- The Business segment saw a decline in deliveries and volumes sold, reflecting reduced exposure in the low-margin tender market.
- The Nordic segment experienced a decrease in net revenue due to credit and hedging losses.
- The increase in net working capital costs was driven by changes in financing structure and sourcing strategy, affecting financial performance.
Good morning, and welcome to our first-quarter 2026 presentation. My name is Rolf Barmen, CEO of the group. Our CFO, Henning Nordgulen, is, as usual, with me and will take you through the financials. Also joining us is Morten Opdal, Head of Investor Relations, who will coordinate questions during the Q&A session.
This quarter was really a quarter filled with highlights. We delivered strong operational development across the group with higher adjusted EBIT year-on-year across all segments. In Consumer, we saw strong customer growth in the quarter and deliveries increased by 20,000 over the last 12 months. Volumes were clearly supported by colder weather in January and February as well as continued higher consumption among customers on Norgespris.
When it comes to the Business segment, both net revenue and adjusted EBIT reached record high levels in first quarter, demonstrating very strong execution and earnings quality. In Nordic, operating profit improved year-on-year, supported by lower OpEx. The quarter also marked
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
