Reported Earnings • Jul 10
Second quarter 2026 earnings released: EPS: kr7.10 (vs kr20.62 in 2Q 2025) Second quarter 2026 results: EPS: kr7.10 (down from kr20.62 in 2Q 2025). Revenue: kr3.04b (down 6.6% from 2Q 2025). Net income: kr302.0m (down 66% from 2Q 2025). Profit margin: 10.0% (down from 27% in 2Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • May 20
Dividend of kr7.30 announced Shareholders will receive a dividend of kr7.30. Ex-date: 28th May 2026 Payment date: 5th June 2026 Dividend yield will be 30%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (22% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 46% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jannicke Hilland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 27
Bonheur ASA announces Annual dividend, payable on June 05, 2026 Bonheur ASA announced Annual dividend of NOK 7.3000 per share payable on June 05, 2026, ex-date on May 28, 2026 and record date on May 29, 2026. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jannicke Hilland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
Bonheur ASA to Report Q1, 2025 Results on May 09, 2025 Bonheur ASA announced that they will report Q1, 2025 results on May 09, 2025 Announcement • Feb 28
Bonheur ASA announces Annual dividend, payable on June 03, 2025 Bonheur ASA announced Annual dividend of NOK 6.7500 per share payable on June 03, 2025, ex-date on May 23, 2025 and record date on May 26, 2025. Announcement • Jan 07
Bonheur ASA, Annual General Meeting, May 22, 2025 Bonheur ASA, Annual General Meeting, May 22, 2025. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jannicke Hilland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr6.40 (vs kr3.35 in 3Q 2023) Third quarter 2024 results: EPS: kr6.40 (up from kr3.35 in 3Q 2023). Revenue: kr3.61b (up 13% from 3Q 2023). Net income: kr271.4m (up 91% from 3Q 2023). Profit margin: 7.5% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Industrials industry in Europe are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 12
Second quarter 2024 earnings released: EPS: kr14.00 (vs kr10.33 in 2Q 2023) Second quarter 2024 results: EPS: kr14.00 (up from kr10.33 in 2Q 2023). Revenue: kr4.28b (up 51% from 2Q 2023). Net income: kr596.3m (up 36% from 2Q 2023). Profit margin: 14% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.9% p.a. on average during the next 3 years, while revenues in the Industrials industry in Europe are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Jul 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 25
Bonheur ASA Announces Board Changes Bonheur ASA announced that at the Annual General Meeting held on 23 May 2024 Andreas Mellbye was elected as a new Member of the Shareholders' Committee. At a subsequent constitutive meeting of the Shareholders' Committee Gaute Gjelsten was supplementary elected as a Board Member (replacing Andreas Mellbye) and Heidi Skaaret was elected as a new Board Member. Upcoming Dividend • May 17
Upcoming dividend of kr6.00 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 04 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.5%). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: kr4.00 (vs kr7.66 in 1Q 2023) First quarter 2024 results: EPS: kr4.00 (down from kr7.66 in 1Q 2023). Revenue: kr2.97b (flat on 1Q 2023). Net income: kr171.1m (down 48% from 1Q 2023). Profit margin: 5.8% (down from 11% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 22
Dividend of kr6.00 announced Shareholders will receive a dividend of kr6.00. Ex-date: 24th May 2024 Payment date: 4th June 2024 Dividend yield will be 32%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: kr24.40 (vs kr9.34 in FY 2022) Full year 2023 results: EPS: kr24.40 (up from kr9.34 in FY 2022). Revenue: kr12.6b (up 9.9% from FY 2022). Net income: kr1.04b (up 161% from FY 2022). Profit margin: 8.3% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 16
Bonheur ASA Proposes Ordinary Cash Dividend for 2024, Payable on June 4, 2024 Bonheur ASA at its board meeting 15 February 2024 addressing preliminary 2023 year-end and 4th quarter results, the Bonheur Board of Directors correspondingly resolved to propose to the Annual General Meeting an ordinary dividend for 2023 of NOK 6.00 per share, i.e.: Dividend amount: 6.00 per share, Ex-date: 24 May 2024, Record date: 27 May 2024 Payment date: 4 June 2024, Date of approval: 23 May 2024. New Risk • Jan 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: kr3.30 (vs kr0.93 in 3Q 2022) Third quarter 2023 results: EPS: kr3.30 (up from kr0.93 in 3Q 2022). Revenue: kr3.20b (flat on 3Q 2022). Net income: kr142.4m (up 261% from 3Q 2022). Profit margin: 4.5% (up from 1.2% in 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Bente Hagem was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr10.33 (vs kr0.32 loss in 2Q 2022) Second quarter 2023 results: EPS: kr10.33 (up from kr0.32 loss in 2Q 2022). Revenue: kr2.83b (up 19% from 2Q 2022). Net income: kr439.3m (up kr452.9m from 2Q 2022). Profit margin: 16% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Bonheur ASA Proposes Ordinary Cash Dividend for 2022, Payable on 25 May 2023 In a Board meeting 16 February 2023 addressing preliminary 2022 year-end and 4th quarter results, the Bonheur Board of Directors correspondingly resolved to propose to the Annual General Meeting an ordinary dividend for 2022 of NOK 5.00 per share payable on 25 May 2023. Last day including right: 25 May 2023. Ex-date: 26 May 2023. Record date: 30 May 2023. Date of approval: 25 May 2023. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €24.00, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Industrials industry in Europe. Total returns to shareholders of 43% over the past three years. Announcement • May 06
Bonheur ASA Announces Committee Changes Bonheur ASA announced that the Shareholders' Committee members Einar Harboe and Bård Mikkelsen will be stepping down on the date of the Annual General Meeting. Reported Earnings • May 02
Full year 2022 earnings released: EPS: kr9.34 (vs kr2.51 loss in FY 2021) Full year 2022 results: EPS: kr9.34 (up from kr2.51 loss in FY 2021). Revenue: kr11.4b (up 52% from FY 2021). Net income: kr397.3m (up kr503.9m from FY 2021). Profit margin: 3.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: kr9.70 (vs kr2.51 loss in FY 2021) Full year 2022 results: EPS: kr9.70 (up from kr2.51 loss in FY 2021). Revenue: kr11.4b (up 52% from FY 2021). Net income: kr411.2m (up kr517.8m from FY 2021). Profit margin: 3.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Bonheur ASA Proposes Dividend Bonheur ASA at the Annual General Meeting to be held on 25 May 2023, proposed dividend of NOK 5.00 per share. For the company NOK 213 million. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: kr0.90 (vs kr5.35 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.90 (up from kr5.35 loss in 3Q 2021). Revenue: kr3.21b (up 71% from 3Q 2021). Net income: kr39.5m (up kr267.1m from 3Q 2021). Profit margin: 1.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
Bonheur ASA to Report Q3, 2022 Results on Nov 08, 2022 Bonheur ASA announced that they will report Q3, 2022 results on Nov 08, 2022 Reported Earnings • Jul 15
Second quarter 2022 earnings released: kr0.32 loss per share (vs kr1.26 loss in 2Q 2021) Second quarter 2022 results: kr0.32 loss per share (up from kr1.26 loss in 2Q 2021). Revenue: kr2.39b (up 48% from 2Q 2021). Net loss: kr13.6m (loss narrowed 75% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • May 27
Bonheur ASA Announces Dividend, Payable on or About 7 June 2022 Bonheur ASA announced that at its AGM held on 25 May 2022, the company has approved the Board's proposal on payment of a dividend equal to NOK 4.30 per share as recommended by the Shareholders' Committee. The dividend is estimated to be paid on or about 7 June 2022 to shareholders registered as such on the date of this AGM. Consequent on the aforesaid, Bonheur's shares will be traded exclusive of dividend as of 27 May 2022. Upcoming Dividend • May 20
Upcoming dividend of kr4.30 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 07 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.5%). Reported Earnings • May 03
Full year 2021 earnings released: kr2.51 loss per share (vs kr28.18 loss in FY 2020) Full year 2021 results: kr2.51 loss per share (up from kr28.18 loss in FY 2020). Revenue: kr7.54b (up 22% from FY 2020). Net loss: kr106.6m (loss narrowed 91% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: kr2.60 loss per share (up from kr28.18 loss in FY 2020). Revenue: kr7.54b (up 22% from FY 2020). Net loss: kr111.9m (loss narrowed 91% from FY 2020). Revenue exceeded analyst estimates by 10%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Announcement • Mar 02
Bonheur ASA Proposes Dividend for the Year 2021 Bonheur ASA announced that with regard to the Annual General Meeting 2021 the board will, subject to no diverging position taken by the Shareholders' Committee, proposed a dividend of NOK 4.30 per share. For the company NOK 183 million. The annual general meeting is scheduled for 25 May 2022. Announcement • Feb 04
Bonheur ASA has filed an IPO in the amount of €150 million. Bonheur ASA has filed an IPO in the amount of €150 million.
Security Name: Ordinary Shares
Security Type: Common Stock Announcement • Jan 27
Bonheur ASA (OB:BONHR) and The Natural Power Consultants Limited acquired 51% stake in Npp Renewables Aps. Bonheur ASA (OB:BONHR) and The Natural Power Consultants acquired a 51% stake in Npp Renewables Aps on January 25, 2022. Natural Power has acquired 25.5% of the shares in NPP Renewables ApS. Bonheur ASA has co-invested alongside Natural Power Consultants, having also acquired 25.5% of the shares in NPP Renewables ApS. NPP Renewables’ founding Directors will maintain a combined 49% stake in the business. NPP Renewables will retain its corporate identity and continue to operate as an independent company. The company has grown to more than 65 employees and close to DKK 100m in revenue.
Bonheur ASA (OB:BONHR) and The Natural Power Consultants Limited completed the acquisition of a 51% stake in Npp Renewables Aps on January 25, 2022. Reported Earnings • Nov 06
Third quarter 2021 earnings released: kr5.40 loss per share (vs kr8.90 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr1.88b (up 37% from 3Q 2020). Net loss: kr227.6m (loss narrowed 40% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 163 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 16
Second quarter 2021 earnings released: kr1.26 loss per share (vs kr13.54 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr1.61b (up 28% from 2Q 2020). Net loss: kr53.5m (loss narrowed 91% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Announcement • May 28
Bonheur ASA Approves Dividend, Payable on or About 7 June 2021 Bonheur ASA announced that at the AGM held on 27 May 2021, the company approved payment of a dividend equal to NOK 4.00 per share as recommended by the Shareholders' Committee. The dividend is estimated to be paid on or about 7 June 2021 to shareholders registered as such on the date of this AGM. Upcoming Dividend • May 21
Upcoming dividend of kr4.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 07 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.6%). Reported Earnings • Apr 25
Full year 2020 earnings released: kr28.18 loss per share (vs kr9.14 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr6.17b (down 21% from FY 2019). Net loss: kr1.20b (loss widened 208% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 140 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 04
New 90-day high: €23.00 The company is up 7.0% from its price of €21.50 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 19% over the same period. Reported Earnings • Feb 20
Full year 2020 earnings released: kr28.18 loss per share (vs kr9.14 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr6.17b (down 21% from FY 2019). Net loss: kr1.20b (loss widened 208% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 140 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 10%, compared to a 1.5% growth forecast for the Industrials industry in Germany. Announcement • Feb 03
Bonheur ASA to Report Fiscal Year 2020 Final Results on Apr 30, 2021 Bonheur ASA announced that they will report fiscal year 2020 final results on Apr 30, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: €22.90 The company is up 21% from its price of €18.92 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €174 per share. Recent Insider Transactions • Dec 30
Director recently bought €17k worth of stock On the 22nd of December, Bente Hagem bought around 765 shares on-market at roughly €22.19 per share. In the last 3 months, there was an even bigger purchase from another insider worth €22k. Insiders have collectively bought €39k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 27
Director recently bought €17k worth of stock On the 22nd of December, Bente Hagem bought around 765 shares on-market at roughly €22.19 per share. In the last 3 months, there was an even bigger purchase from another insider worth €22k. Insiders have collectively bought €39k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Dec 22
New 90-day high: €22.50 The company is up 8.0% from its price of €20.80 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €100 per share. Announcement • Nov 17
Fred. Olsen Renewables and Hafslund Eco Enter into Collaboration for Offshore Wind in Norway Fred. Olsen Renewables AS (FORAS) has entered into an agreement with Hafslund Eco to cooperate as equal partners on a 50/50 basis on development of offshore wind and transmission concepts in Norway. The combination of Hafslund Eco's competences as power producer and grid operator with FORAS' experience within development of renewable and offshore projects gives the partnership a unique position to contribute to the realization of an offshore wind industry in Norway. The companies will cooperate on submitting a pre-application for development of offshore wind projects at Sørlige Nordsjø and Utsira Nord, when the offshore wind areas on the Norwegian Continental Shelf opens up in 2021. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total losses of kr1.08b, with losses widening by kr951.5m from the prior year. Total revenue was kr6.49b over the last 12 months, down 17% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 24
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 7.9% at kr1.37b. Revenue is forecast to grow 16% over the next year, compared to a 24% decline forecast for the Industrials industry in Germany. Is New 90 Day High Low • Oct 17
New 90-day low: €19.32 The company is down 3.0% from its price of €20.00 on 17 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €81.23 per share.