Elmera Group ASA (ELMRA) Earnings Call Transcripts

Elmera Group ASA's Latest Earnings Call - Q1 FY2026

In Q1 2026, Elmera Group ASA reported net revenue of NOK 527 million, up from NOK 502 million year-over-year, and adjusted EBIT of NOK 201 million, an increase from NOK 174 million. The company highlighted strong operational performance across all segments, particularly in the Business segment, which achieved record net revenue and EBIT. Management raised the full-year EBIT guidance to NOK 575 million, including contributions from the recently acquired Telinet Energi, signaling confidence in continued growth despite some challenges in the Consumer segment due to high elspot prices.

Reported metrics

Guidance from management

Management raised the full-year EBIT guidance to NOK 575 million, including contributions from the Telinet acquisition, indicating confidence in continued growth despite challenges in the Consumer segment.

What management said

We have some questions. We can start with a couple of questions regarding net revenue development in the Consumer segment. Why does net revenue decrease in the Consumer segment, despite significant increase in volumes year-over-year?

Well, we highlight 2 main drivers in the presentation, campaign activities, campaign products with a reduced margin in the defined period and product mix changes. Reduced volumes in the variable portfolio in combination with the high elspot prices has resulted in a reduced margin contribution on that product line. However, the underlying customer growth in the segment is very strong. The risk in the portfolio has bee...

What analysts pressed on

Analysts expressed concerns regarding the decline in net revenue in the Consumer segment despite strong customer growth. Additionally, there were questions about the sustainability of increased financial costs and the impact of high elspot prices on margins.

Main topics on the call

• Strong Operational Performance — Elmera reported higher adjusted EBIT year-on-year across all segments, with the Business segment achieving record highs in both net revenue and EBIT. CEO Rolf Barmen stated, "This quarter was really a quarter filled with...
• Consumer Segment Challenges — Despite strong customer growth, the Consumer segment saw a slight decline in net revenue to NOK 238 million due to product mix changes and high elspot prices. CFO Henning Nordgulen noted, "The financials were fairly stab...
• Record Business Segment Results — The Business segment reported adjusted net revenue of NOK 193 million, up from NOK 163 million, and adjusted EBIT of NOK 105 million, up from NOK 86 million. This performance was attributed to disciplined portfolio manag...
• Telinet Acquisition Impact — The acquisition of Telinet Energi, which closed on March 31, 2026, is expected to enhance Elmera's Nordic platform. Barmen emphasized the strategic fit, stating, "Telinet strengthens our Nordic operating leverage and all...

Read the full Elmera Group ASA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Elmera Group ASA earnings call transcripts on record, spanning February 13, 2020 to May 13, 2026. Based on this history, Elmera Group ASA reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ELMRA

Exchange

OB

Country

NO

Sector

Utilities

Industry

Electric Utilities

Calls on record

27

First call

February 13, 2020

Most recent

May 13, 2026

Reporting cadence

quarterly