Elmera Group recorded an adjusted net revenue of NOK 502m in the first quarter of 2025, a decrease from NOK 550m in the first quarter of 2024. Adjusted EBIT was NOK 174m, a decrease from NOK 230m in first quarter 2024.
Volume sold decreased by 9% compared to Q1 2024, due to milder weather conditions. Average monthly temperatures in Norway were approximately 2°C higher than in Q1 2024, which led to reduced electricity consumption.
-The low volumes due to mild weather resulted in a 9% volume decrease and was the driver for the 9% decrease in net revenue compared to last year, says CEO, Rolf Barmen.
The Norwegian customer base developed well in Q1 2025, with growth across both the Consumer and Business segments, as well as positive growth within Mobile.
“Customer growth is an important measure to mitigate effects of milder weather. Therefore, I am particularly satisfied with our strong customer base development this quarter”, says Barmen.
Please find attached the quarterly report and quarterly presentation.
Results Presentation: 13 May 2025 at 08.00 CET
The presentation will be webcasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250513_6
For further information, please contact:
Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526