Arendals Fossekompani Reports Mixed Q1 Results

Arendals Fossekompani ASA (DE:5VZ) has released an update.

Arendals Fossekompani ASA experienced a slight revenue increase to NOK 1,435 million in Q1 2024, but faced a decrease in operating profit to NOK 111 million due to lower electricity prices affecting its hydropower business. Despite growth in portfolio companies Volue and ENRX, challenges in the hydropower sector and low sales in Ampwell have impacted overall profit margins. The company has declared a dividend of NOK 1.00 per share and maintains a solid financial position with significant liquidity.

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