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Fjordkraft Holding ASA ( (DE:1ZK) ) has issued an update.
Elmera Group reported a decline in its financial performance for Q1 2025, with adjusted net revenue falling to NOK 502 million from NOK 550 million in the same period of 2024, and adjusted EBIT decreasing to NOK 174 million from NOK 230 million. The company attributed these declines to a 9% reduction in volume sold, driven by milder weather conditions that resulted in lower electricity consumption. Despite these challenges, Elmera Group experienced growth in its Norwegian customer base across both the Consumer and Business segments, as well as in its Mobile division, which the CEO highlighted as a positive development to counteract the effects of the weather-related volume decrease.
More about Fjordkraft Holding ASA
Average Trading Volume: 173,099
Current Market Cap: NOK4.06B
For an in-depth examination of 1ZK stock, go to TipRanks’ Stock Analysis page.