Q2 2022 quarterly presentation

 

Link to Q2 2022 quarterly presentation (18 August 2022 at 08.00 CET)

The Stock
15.00
+ 0.52
+ 0.08 NOK
Updated
9/27/2022 11:58:38 AM
Financial calendar
3
NOV
Quarterly Report - Q3
28 Apr 2022 publisert 12:23

Change of company name

On April 26 the General Meeting passed the resolution of changing the company's name from Fjordkraft Holding ASA to Elmera Group ASA.

Elmera Group ASA (former Fjordkraft Holding ASA) is the ultimate parent company in a diversified business. Fjordkraft AS is a subsidiary of Elmera Group ASA.

Reports
Press Releases
Stock Exchange Announcements
18.08.2022
Elmera Group ASA: Mandatory notification of trade
The following primary insider purchased shares in Elmera Group ASA: Magnar Øyhovden (CEO Fjordkraft AS) has purchased 20,000 shares in Elmera Group ASA at an average price of NOK 22.50. After this transaction, Magnar Øyhovden holds a total of 44,600 shares in Elmera Group.
18.08.2022
Elmera Group ASA: Q2 2022 results
Q2 2022 Highlights: o Solid financial results despite low consumption volumes in the quarter o Group net revenue of 403 NOKm (+4% YoY) and EBIT adj. of 123 NOKm (-13% YoY) in the quarter o Significant positive shift in trend in the customer development in the Consumer segment, with a stable customer development in the quarter o Continued growth in the Business segment, both in profitability and deliveries o Stable development in the strategic customer base in the Nordic segment. Revenues negatively affected by peak/off-peak prices o New organisational model implemented Solid financial results despite low consumption volumes The second quarter of 2022 has been yet another quarter with high electricity prices. The geopolitical situation in combination with weak hydrology are resulting in an extraordinary price level while limited transmission capacity is causing huge area price differences. Simultaneously, peak/off-peak price differences have been significant in Sweden and Finland, and particularly in June, affecting profits negatively. The Group's net revenue adj. was 403 NOKm and EBIT adj. was 123 NOKm in the quarter - a solid result, despite low consumption volumes following the high elspot price level and a mild June. The organic customer development in the Consumer segment has made a significant positive shift in trend, and the Business segment continues its growth. The Nordic segment's strategic customer portfolio is stable, while low revenue tender customers represent the change from last quarter. The Group implemented a new organisation model in the quarter, where replicating the success from Fjordkraft's Business segment into the Gudbrandsdal Energi and Nordic Green Energy brands, as well as support the realisation of cost efficiency and synergies are important focus areas. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 18 August 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220818_2/ For further information, please contact: Morten A. W. Opdal, Acting CFO, +47 970 62 526
16.08.2022
Elmera Goup ASA: Invitation to second quarter 2022 webcast
We hereby invite you to participate at the presentation of Elmera Group ASA's Q2 2022 results on 18 August 2022. Release: Time: 18 August 2022 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https:// https://investor.elmeragroup.no Results Presentation: Time: 18 August 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220818_2/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and Acting CFO Morten Opdal. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Acting CFO, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
See all Stock Exchange Announcements