Elmera Group

 

Providing consumers, businesses and the wholesale market with electricity, billing & rating services and electricity related technology solutions.

 

 

 

Link to Q3 2024 webcast (7 November 08:00 CET)

The Stock
37.65
+ 0.27
+ 0.10 NOK
Updated
1/20/2025 4:30:00 PM
Financial calendar
13
FEB
Quarterly Report - Q4
4
APR
Annual Report
Reports
Press Releases
Stock Exchange Announcements
09.01.2025
Disclosure in ELMERA GROUP ASA
Please see the attachments on www.newsweb.no
17.12.2024
Financial calendar
Financial calendar for Elmera Group ASA FINANCIAL YEAR 2024 04.04.2025 - Annual Report 13.02.2025 - Quarterly Report - Q4 FINANCIAL YEAR 2025 21.08.2025 - Half-yearly Report 30.04.2025 - Annual General Meeting 13.05.2025 - Quarterly Report - Q1 13.11.2025 - Quarterly Report - Q3 This information is published pursuant to the requirements set out in the Continuing obligations.
17.12.2024
Elmera Group ASA - Sale of shares in associate
On 17 December 2024, Elmera Group entered into an agreement to sell its shares in the Group's associate Metzum AS to Rieber & Søn. The transaction is based on an enterprise value of Metzum AS of NOK 400m and the agreed consideration for Elmera Group's 4.3 million shares and 40% ownership in Metzum AS is NOK 160m. The carrying amount of the investment in the associate is currently valued at NOK 21m in Elmera Group's consolidated financial statements. The sale is a successful demonstration of Elmera Group's ability and strategy to develop and create value through spin-offs, also exemplified through Fjordkraft Mobil. Metzum provides rating and billing services through its modular SaaS solution, Moment. This is an open and flexible technology platform designed to automate processes and handle large volumes of data. The software is specifically tailored for electricity retail companies and grid operators but also serves customers in district heating and broadband sectors. Leveraging its strong market position from the outset through Elmera Group and market leader Fjordkraft, Metzum has built a solid market position both in the electricity retail market and in adjacent markets and the company is now achieving success well beyond Elmera Group and is expanding further into the Nordics. "We are very proud of the development of Metzum in cooperation with Rieber & Søn and the employees over the last five years and look forward to closely follow the company's development also in the future. Metzum will remain an important vendor partner to Elmera Group as the Group's provider of rating and billing solutions," says Arnstein Flaskerud, EVP Head of Strategy, Sustainability and M&A in Elmera Group. "We at Rieber & Søn would like to express our gratitude for the excellent collaboration with Elmera Group as co-founders and co-owners of Metzum over the past five years. As Rieber & Søn now becomes the majority owner, we look forward to leading the company into its next phase as an established market leader, with Elmera Group continuing to be a key customer and partner in Norway and the Nordic region. We are also excited to continue to work closely with the highly skilled employees at Metzum to drive further growth and success," says Trond Valvik, Head of Investments at Rieber & Søn and Chair of the Board at Metzum. "On behalf of Metzum, I would also like to thank Elmera Group for their valuable contributions, both as co-owners and as a key customer, whose collaboration has played a crucial role in shaping our market-leading solution. With Rieber & Søn as a strong, long-term owner, we're excited about the future while continuing our close partnership with Elmera Group in the Nordics," says Johnny Haugsbakk, CEO of Metzum. The expected closing date is 23 December 2024. For further information, please contact: Henning Nordgulen, Group CFO, +47 952 65 990 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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