Norway · Delayed Price · Currency is NOK Arendals Fossekompani ASA Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw strong operating profit growth driven by hydropower, ENRX, and Tekna, despite a slight revenue decline. Volue and Tekna posted robust order intake and backlog, while ENRX improved margins through cost discipline. Outlook remains positive for most segments, with margin expansion expected.
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Q1 delivered strong operating profit and margin improvements across all segments, despite a slight revenue decline. ENRX and hydropower drove profitability, while Volue and Tekna posted robust growth. Outlook is positive, with higher operating profit expected in 2026.
Fiscal Year 2025
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Q4 saw lower group revenue and operating profit due to impairments and challenging markets for ENRX and NSSLGlobal, but strong performance in Volue, Tekna, and hydropower. Strategic portfolio optimization continued, with a major Volue transaction and Tekna refinancing.
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Revenue declined 6% year-on-year due to ENRX and hydropower, but strong gains from Volue's divestment drove earnings after tax to NOK 733 million. Volue and Tekna delivered robust growth, while ENRX faces ongoing market challenges.
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Q2 saw lower group revenue and profit, mainly due to property and hydropower declines, but strong growth in Volue, ENRX, and Tekna order intake. Outlook for 2025 is cautious, with stable or improved performance expected in core technology segments.