Elmera Group ASA

OB:ELMRA Stock Report

Market Cap: NOK 3.2b

Elmera Group Past Earnings Performance

Past criteria checks 0/6

Elmera Group's earnings have been declining at an average annual rate of -1.2%, while the Electric Utilities industry saw earnings growing at 15.3% annually. Revenues have been declining at an average rate of 2.6% per year. Elmera Group's return on equity is 12.5%, and it has net margins of 1.3%.

Key information

-1.17%

Earnings growth rate

-0.16%

EPS growth rate

Electric Utilities Industry Growth7.32%
Revenue growth rate-2.65%
Return on equity12.50%
Net Margin1.31%
Next Earnings Update19 Aug 2026

Recent past performance updates

Analysis Article Apr 17

Earnings Troubles May Signal Larger Issues for Elmera Group (OB:ELMRA) Shareholders

A lackluster earnings announcement from Elmera Group ASA ( OB:ELMRA ) last week didn't sink the stock price. We think...
Analysis Article Aug 29

Elmera Group's (OB:ELMRA) Shareholders May Want To Dig Deeper Than Statutory Profit

The recent earnings posted by Elmera Group ASA ( OB:ELMRA ) were solid, but the stock didn't move as much as we...

Recent updates

Analysis Article May 16

Elmera Group ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Elmera Group ASA ( OB:ELMRA ) recently reported its first-quarter numbers. Revenues of kr7.0b...
Narrative Update Apr 23

ELMRA: Nordic Expansion And Dividend Policy Will Support A More Optimistic Outlook

Analysts have trimmed their price target on Elmera Group from NOK 46 to NOK 43, citing updated assumptions for the discount rate, revenue growth, profit margin and P/E. What's in the News Elmera Group is actively looking for acquisitions, with management highlighting increased interest from potential sellers in Norway, Sweden and Finland and a focus on gaining market share and customer growth in the Nordic region (Key Developments).
Analysis Article Apr 17

Earnings Troubles May Signal Larger Issues for Elmera Group (OB:ELMRA) Shareholders

A lackluster earnings announcement from Elmera Group ASA ( OB:ELMRA ) last week didn't sink the stock price. We think...
Analysis Article Feb 14

Pinning Down Elmera Group ASA's (OB:ELMRA) P/E Is Difficult Right Now

There wouldn't be many who think Elmera Group ASA's ( OB:ELMRA ) price-to-earnings (or "P/E") ratio of 13x is worth a...
Narrative Update Feb 10

ELMRA: Higher Future P/E Multiple Will Support A More Optimistic Outlook

Analysts have raised their fair value estimate for Elmera Group from €41.00 to €46.00. They cite updated assumptions on the discount rate, revenue growth, profit margin and a higher future P/E multiple as the key drivers of the new target.
Analysis Article Aug 29

Elmera Group's (OB:ELMRA) Shareholders May Want To Dig Deeper Than Statutory Profit

The recent earnings posted by Elmera Group ASA ( OB:ELMRA ) were solid, but the stock didn't move as much as we...
Analysis Article Aug 25

Elmera Group ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Elmera Group ASA ( OB:ELMRA ) last week released its latest second-quarter, and things did not turn...
Analysis Article Apr 24

Shareholders May Not Be So Generous With Elmera Group ASA's (OB:ELMRA) CEO Compensation And Here's Why

Key Insights Elmera Group's Annual General Meeting to take place on 30th of April CEO Rolf Barmen's total compensation...
Analysis Article Apr 20

Elmera Group's (OB:ELMRA) Upcoming Dividend Will Be Larger Than Last Year's

Elmera Group ASA ( OB:ELMRA ) has announced that it will be increasing its dividend from last year's comparable payment...
Analysis Article Apr 06

Elmera Group's (OB:ELMRA) Upcoming Dividend Will Be Larger Than Last Year's

Elmera Group ASA ( OB:ELMRA ) has announced that it will be increasing its dividend from last year's comparable payment...
User avatar
New Narrative Feb 26

Seasonal Competition And Mild Weather Will Pressure Future Revenues In Nordic Electricity Market

Seasonal demand shifts and increased competition pose challenges for revenue and customer growth, impacting spot products and consumer acquisition.
Analysis Article Feb 22

Solid Earnings May Not Tell The Whole Story For Elmera Group (OB:ELMRA)

Elmera Group ASA's ( OB:ELMRA ) healthy profit numbers didn't contain any surprises for investors. We think this is due...
Analysis Article Feb 16

Elmera Group ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Elmera Group ASA ( OB:ELMRA ) just released its yearly report and things are looking bullish. The company beat...
Analysis Article Feb 07

Broker Revenue Forecasts For Elmera Group ASA (OB:ELMRA) Are Surging Higher

Elmera Group ASA ( OB:ELMRA ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Feb 01

Elmera Group (OB:ELMRA) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Aug 23

We Think Elmera Group's (OB:ELMRA) Solid Earnings Are Understated

Elmera Group ASA's ( OB:ELMRA ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
Analysis Article Aug 17

Elmera Group ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in Elmera Group ASA ( OB:ELMRA ) had a good week, as its shares rose 2.9% to close at kr35.00 following the...
Analysis Article Apr 18

We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope

Key Insights Elmera Group will host its Annual General Meeting on 24th of April CEO Rolf Barmen's total compensation...
Analysis Article Feb 22

We Like The Quality Of Elmera Group's (OB:ELMRA) Earnings

Elmera Group ASA's ( OB:ELMRA ) solid earnings announcement recently didn't do much to the stock price. We did some...
Analysis Article Jan 27

We Think Elmera Group (OB:ELMRA) Is Taking Some Risk With Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Dec 23

Investors Appear Satisfied With Elmera Group ASA's (OB:ELMRA) Prospects As Shares Rocket 25%

Elmera Group ASA ( OB:ELMRA ) shareholders have had their patience rewarded with a 25% share price jump in the last...
Analysis Article Dec 17

New Forecasts: Here's What Analysts Think The Future Holds For Elmera Group ASA (OB:ELMRA)

Elmera Group ASA ( OB:ELMRA ) shareholders will have a reason to smile today, with the analysts making substantial...

Revenue & Expenses Breakdown

How Elmera Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OB:ELMRA Revenue, expenses and earnings (NOK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2614,7921935020
31 Dec 2512,1181635060
30 Sep 2511,4712995190
30 Jun 2511,0942945190
31 Mar 2511,1473045180
31 Dec 2412,2293545090
30 Sep 2414,0382365130
30 Jun 2414,8562295120
31 Mar 2416,2552015250
31 Dec 2318,9211925080
30 Sep 2322,279605230
30 Jun 2326,27575090
31 Mar 2326,856864720
31 Dec 2225,522744610
30 Sep 2223,1891204090
30 Jun 2219,3381974090
31 Mar 2217,7192074620
31 Dec 2115,0752574630
30 Sep 2110,4683284650
30 Jun 218,6973474350
31 Mar 216,8933503620
31 Dec 204,1494003280
30 Sep 204,6174522660
30 Jun 205,1304462590
31 Mar 205,8874192500
31 Dec 197,1233702360
30 Sep 197,2553162520
30 Jun 197,4823082360
31 Mar 197,3512862280
31 Dec 186,7212542180
30 Sep 185,9522502250
30 Jun 185,3882592120
31 Mar 184,9832502030
31 Dec 174,4532521900
31 Dec 163,9252571430

Quality Earnings: ELMRA has a high level of non-cash earnings.

Growing Profit Margin: ELMRA's current net profit margins (1.3%) are lower than last year (2.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ELMRA's earnings have declined by 1.2% per year over the past 5 years.

Accelerating Growth: ELMRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ELMRA had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (1.4%).


Return on Equity

High ROE: ELMRA's Return on Equity (12.5%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 21:26
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elmera Group ASA is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Tarjei HatlenDNB Carnegie
Karolis PuidokasNorne Securities AS