1. Norway Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Elmera Group ASA

Elmera Group ASA

46.75
NOK
+0.05
(+0.11%)
1.84EPS
25.23P/E
5.08BMarket Cap
Nov 12Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
35.68
37.56
42.61
64.32
68.16
38.7
131.9
230.27
174.19
112.2
110.96
147.96
Basic EPS, GAAP
2.15
2.46
2.41
2.43
3.54
3.73
2.25
0.67
1.77
3.25
1.49
1.84
Free Cash Flow per Basic Share
- -
0.98
3.9
1.18
6.83
4.24
2.57
-3.74
8.89
-0.65
-6.93
5.01
Dividend per Share
- -
1.5
1.15
0.96
2.2
2.93
3.5
3.61
1.5
2.3
3
2
Book Value per Share
4.8
5.79
6.85
8.34
9.6
17.01
14.65
11.42
12.54
13.71
12.43
11.4
Tangible Book Value per Share
4.22
5.12
6.07
4.93
6.3
-3.22
-3.85
-6.78
-4.88
-2.91
-3.66
-7.07
Basic Weighted Avg Shares
104
104
104
104
104
107
114
111
109
109
109
109
Sales/Revenue/Turnover
3,728
3,925
4,453
6,721
7,123
4,149
15,075
25,522
18,921
12,229
12,118
16,170
Operating Margin (%)
8.14
8.61
7.07
5.02
7.07
17.94
2.63
1.36
1.99
3.83
3.17
2.9
Depreciation Expense
17
18
24
66
93
181
256
204
193
180
164
153
Net Income, GAAP
224
257
252
254
370
400
257
74
192
354
163
201
Effective Tax Rate (%)
27.53
24.99
23.99
23.59
24.52
22.12
23.32
42.62
17.27
17.84
27.86
26.15
Profit Margin (%)
6.02
6.55
5.66
3.77
5.2
9.64
1.7
0.29
1.02
2.89
1.34
1.25
Working Capital
417
477
566
637
687
419
306
93
-40
302
144
-38
LT Debt
- -
- -
- -
195
196
880
785
679
579
804
715
900
Total Equity
502
605
716
871
1,003
1,944
1,674
1,240
1,484
1,621
1,484
1,373
Return on Invested Capital (%)
- -
37.97
31.43
23.67
26.09
17.2
10.39
5.27
10.29
13.25
7.21
11.37
Return on Capital (%)
- -
46.53
38.17
28.01
31.56
19.42
11.19
6.09
11.79
18.92
7.76
11.73
Return on Common Equity (%)
- -
46.47
38.15
31.95
39.5
27.15
14.21
5.07
14.77
24.76
11.4
16.28

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,626
1,675
608
LT Borrowings
656
868
843
LT Finance Leases
59
61
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
4,198
3,849
5,085

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,441
4,106
2,293
Cash, Cash Equivalents & STI
1,371
665
392
Accounts Receivable, Net
2,617
2,876
1,347
Inventories
13
11
8
Total Current Liabilities
4,297
3,949
2,331
Payables & Accruals
- -
- -
- -
ST Debt
2,626
1,675
608
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.02%
-3.87%
-8.44%
Free Cash Flow
- -
49.73%
965.7%
Net Income, GAAP
15.07%
16.68%
-54.04%
Sales/Revenue/Turnover
30.44%
54.1%
-0.91%
Total Cash Common Dividend
- -
10.55%
30.68%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,367
2,114
1,397
3,351
12,229
2025
4,285
2,061
1,774
3,998
12,118
2026
6,959
3,439
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.97
0.34
0.05
1.89
3.25
2025
0.51
0.25
0.1
0.63
1.49
2026
0.79
0.32
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.3
- -
- -
2.3
2025
- -
3
- -
- -
3
2026
- -
2
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rolf Jørgen Barmen
Full Time Employees
433
Sector
Utilities
Industry
Electric utilities
Address
Folke Bernadottes vei 38 Bergen HL Norway 5147
IPO Date
Mar 21, 2018
Website
elmeragroup.no
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Business
Elmera Group ASA engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities primarily in Norway, Sweden, and Finland. The company operates through Consumer, Business, Nordic, and New Growth Initiatives segments; it offers electrical power contracts and related services including energy management tools, power purchase agreements, environmental advice, EV chargers, photovoltaic panels, mobile subscriptions via Fjordkraft Mobil AS (61%-owned joint venture with Telia Norge AS), billing and payment solutions through AllRate AS and its Moment platform, and alliance-based power trading and market support for rural electricity retailers, grid operators, and producers. Under brands such as Fjordkraft AS (leading Norwegian business supplier), TrøndelagKraft AS, Gudbrandsdal Energi AS, and Nordic Green Energy (renewable energy with guarantees of origin), Elmera Group serves approximately one million customers across consumer (24% Norwegian market share) and business (22% Norwegian market share) segments, with additional offerings in solar financing via 50%-owned SunPool AS and extended services to the wholesale market. Founded in 2001 and headquartered in Bergen, Norway, the company (ticker: ELMRA.OL, Oslo Børs) rebranded from Fjordkraft Holding ASA in April 2022 to distinguish from subsidiary Fjordkraft AS; recent developments include the September 2024 acquisition of 33.72% in Kraftanmelding AS (providing 3 TWh production access and synergies), December 2024 sale of 40% stake in Metzum AS technology firm for NOK 160 million proceeds, May 2025 launch of Fjordkraft Företag business brand in Sweden with new cooperation agreements, insourcing of power trading functions for improved forecasting, migration to Elmera IT platform, and pursuit of acquisitions in the Nordics amid portfolio de-risking and adaptation to electricity support schemes. Elmera Group delivers around 20 TWh annually (905,000 deliveries excluding extended alliances in 2024), reported NOK 12.2 billion revenue in 2024, and maintains subsidiaries like Switch Nordic Green AB, Elmera Energy AS, and Steddi Payments AS while focusing on customer apps for energy optimization, emissions reduction via Klimanjaro supplier initiatives, and expansion toward supplying three million Nordic customers.