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Cloudberry Clean Energy ASA ( (DE:52K) ) has provided an update.
Cloudberry Clean Energy reported strong fourth-quarter results, with consolidated revenue rising to NOK 213m and EBITDA improving on the back of higher realized power prices and growing production. Underlying profitability increased despite lower year-on-year proportionate figures due to prior development gains, while the company maintained a solid cash position of NOK 891m and a conservative debt profile, largely locked in below 4%.
Operationally, the company launched a cost-reduction program aimed at saving at least NOK 30m annually, including a roughly 20% cut in headcount within its Projects segment, and commissioned the Småvoll hydropower plant. Cloudberry also expanded its portfolio by acquiring the distressed 18 MW Frostnäs wind project at a low entry cost, received a EUR 5m dividend from its Odal asset, and reported strong HSE performance with no lost-time injuries and continued avoidance of CO2 emissions.
More about Cloudberry Clean Energy ASA
Cloudberry Clean Energy ASA is a Nordic renewable energy company that owns, develops and operates hydropower plants and wind farms across Norway, Sweden and Denmark. Listed on the Oslo Stock Exchange’s main list, it targets long-term European demand for clean power, positioning itself as a scalable and profitable platform for the energy transition.
Average Trading Volume: 275,949
Current Market Cap: NOK3.83B
Find detailed analytics on 52K stock on TipRanks’ Stock Analysis page.