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An update from Fjordkraft Holding ASA ( (DE:1ZK) ) is now available.
Elmera Group reported adjusted net revenue of NOK 463 million for the fourth quarter of 2025, down from NOK 486 million a year earlier, while adjusted EBIT rose to NOK 159 million from NOK 154 million. The earnings improvement came despite a 5% decline in power volumes linked to milder weather, the phase-out of low-margin business tender customers, and the run-off of legacy Nordic contracts.
The introduction of the Norgespris offering on 1 October initially triggered some customer churn, but the consumer segment returned to positive customer growth through the quarter and this trend is continuing into 2026. The board has proposed a dividend of NOK 2.0 per share for 2025, and the group is targeting adjusted operating profit of around NOK 550 million in 2026, underlining confidence in its profitability trajectory despite continued market volatility.
More about Fjordkraft Holding ASA
Elmera Group, previously known as Fjordkraft Holding ASA, operates in the Nordic energy retail market, supplying electricity and related services to consumer and business customers. The company focuses on balancing profitability with volume, managing contract portfolios, and navigating power market volatility and weather-driven demand shifts.
Average Trading Volume: 135,773
Current Market Cap: NOK4.5B
For a thorough assessment of 1ZK stock, go to TipRanks’ Stock Analysis page.