Elmera Group ASA: Q1 2025 results – Low volumes due to mild weather

13 May 2025 07:00 CEST

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

More information:
Access the news on Oslo Bors NewsWeb site

646099_Quarterly Presentation Q1 2025.pdf
646099_Quarterly Report Q1 2025.pdf