Breakeven Date Change • May 20
No longer forecast to breakeven The analyst covering Orrön Energy no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €415.1m in 2028. New forecast suggests the company will make a loss of €10.5m in 2028. Tillkännagivande • Feb 19
Orrön Energy AB (publ) to Report Q2, 2026 Results on Aug 05, 2026 Orrön Energy AB (publ) announced that they will report Q2, 2026 results at 7:30 AM, Central European Standard Time on Aug 05, 2026 Tillkännagivande • Feb 18
Orrön Energy AB (Publ) Provides Production Guidance for the Full Year 2026 Orrön Energy AB (publ) provided production guidance for the full year 2026. For the year, the company expects proportionate power generation, including compensated volumes, between 800 and 950 GWh, which allows for uncertainties such as weather variability, curtailment and ancillary services. Tillkännagivande • Sep 11
Orrön Energy AB (publ), Annual General Meeting, Apr 01, 2026 Orrön Energy AB (publ), Annual General Meeting, Apr 01, 2026. Tillkännagivande • Feb 13
Orrön Energy AB (publ) to Report Q4, 2025 Results on Feb 11, 2026 Orrön Energy AB (publ) announced that they will report Q4, 2025 results at 7:30 AM, Central European Standard Time on Feb 11, 2026 Tillkännagivande • Feb 12
Orrön Energy AB (publ) to Report Q3, 2025 Results on Nov 05, 2025 Orrön Energy AB (publ) announced that they will report Q3, 2025 results on Nov 05, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: €0.04 loss per share (vs €0.027 loss in 3Q 2023) Third quarter 2024 results: €0.04 loss per share (further deteriorated from €0.027 loss in 3Q 2023). Revenue: €1.60m (down 30% from 3Q 2023). Net loss: €11.0m (loss widened 43% from 3Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Renewable Energy industry in Germany. Tillkännagivande • Oct 31
Orrön Energy AB (publ), Annual General Meeting, May 05, 2025 Orrön Energy AB (publ), Annual General Meeting, May 05, 2025. Tillkännagivande • Aug 09
JNE Partners LLP acquired 10% stake in Orrön Energy AB (publ) (OM:ORRON). JNE Partners LLP acquired 10% stake in Orrön Energy AB (publ) (OM:ORRON) on August 9, 2024.
JNE Partners LLP completed the acquisition of 10% stake in Orrön Energy AB (publ) (OM:ORRON) on August 9, 2024. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.02 (vs €0.027 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.02 (up from €0.027 loss in 2Q 2023). Revenue: €15.5m (up 154% from 2Q 2023). Net income: €6.70m (up €14.4m from 2Q 2023). Profit margin: 43% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Renewable Energy industry in Germany. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 59% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (€7.6m net loss next year). Share price has been volatile over the past 3 months (7.6% average weekly change). New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€8.4m net loss in 2 years). Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • May 16
First quarter 2024 earnings released: €0.01 loss per share (vs €0.002 loss in 1Q 2023) First quarter 2024 results: €0.01 loss per share (further deteriorated from €0.002 loss in 1Q 2023). Revenue: €12.4m (up 6.9% from 1Q 2023). Net loss: €2.40m (loss widened 300% from 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 4 percentage points per year. New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% 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 14% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (€11m net loss in 2 years). Tillkännagivande • May 03
Orrön Energy AB (publ) to Report Q1, 2024 Results on May 14, 2024 Orrön Energy AB (publ) announced that they will report Q1, 2024 results at 7:30 AM, Central European Standard Time on May 14, 2024 Reported Earnings • Apr 18
Full year 2023 earnings released: €0.028 loss per share (vs €0.095 profit in FY 2022) Full year 2023 results: €0.028 loss per share (down from €0.095 profit in FY 2022). Revenue: €28.4m (up 106% from FY 2022). Net loss: €8.00m (down 130% from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Tillkännagivande • Apr 12
Orrön Energy AB (publ) entered into an agreement to acquire the remaining 50% stake in Leikanger hydropower plant in Norway from Sognekraft Produksjon AS for approximately NOK 613 million (€53 million). Orrön Energy AB (publ) entered into an agreement to acquire the remaining 50% stake in Leikanger hydropower plant in Norway from Sognekraft Produksjon AS on January 1, 2024. The agreement, with an effective date of 1st January 2024 and structured on a debt and cash-free basis, for an enterprise value of approximately NOK 613 million (€53 million). The transaction is pending customary financing approvals from both Orrön Energy and Sognekraft. The closure is anticipated within the second quarter of 2024. Following the transaction, Sognekraft will own 100% of the company owning the Leikanger hydropower plant. Recent Insider Transactions • Feb 23
Chief Executive Officer recently bought €94k worth of stock On the 21st of February, Daniel Fitzgerald bought around 170k shares on-market at roughly €0.55 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of €205k worth in shares. Reported Earnings • Feb 16
Full year 2023 earnings released: €0.03 loss per share (vs €0.094 profit in FY 2022) Full year 2023 results: €0.03 loss per share (down from €0.094 profit in FY 2022). Revenue: €28.4m (up 110% from FY 2022). Net loss: €8.00m (down 130% from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Renewable Energy industry in Germany. Tillkännagivande • Feb 15
Orrön Energy AB (publ) to Report Q2, 2024 Results on Aug 08, 2024 Orrön Energy AB (publ) announced that they will report Q2, 2024 results at 7:30 AM, Central European Standard Time on Aug 08, 2024 Recent Insider Transactions • Nov 10
Chief Executive Officer recently bought €54k worth of stock On the 8th of November, Daniel Fitzgerald bought around 100k shares on-market at roughly €0.54 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of €205k worth in shares. Buying Opportunity • Sep 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 36% in a year. Earnings is forecast to grow by 29% in the next year. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.07, the stock trades at a forward P/E ratio of 102x. Average forward P/E is 24x in the Renewable Energy industry in Germany. Total returns to shareholders of 190% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.03, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 28x in the Renewable Energy industry in Germany. Total returns to shareholders of 161% over the past three years. Board Change • May 10
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. 1 experienced director. 2 highly experienced directors. Independent Director Jakob Thomasen was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 06
Orrön Energy AB (Publ) Approves Board Appointments Peggy Bruzelius, a non-executive director of International Consolidated Airlines Group, S.A. (IAG), has been appointed, effective 4 May 2023 as a non-executive director of Orrön Energy AB. At the AGM held on 4 May 2023, William Lundin were elected as a new members of the Board of Directors for a period until the end of the 2024 AGM. Recent Insider Transactions • Mar 14
Independent Chairman recently bought €26k worth of stock On the 7th of March, Grace Skaugen bought around 20k shares on-market at roughly €1.29 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €28k. Grace has been a buyer over the last 12 months, purchasing a net total of €107k worth in shares. Recent Insider Transactions • Mar 13
Independent Chairman recently bought €26k worth of stock On the 7th of March, Grace Skaugen bought around 20k shares on-market at roughly €1.29 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €28k. Grace has been a buyer over the last 12 months, purchasing a net total of €107k worth in shares. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 15% share price gain to €2.44, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 414% over the past three years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 19% share price gain to €2.25, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Renewable Energy industry in Europe. Total returns to shareholders of 352% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improved over the past week After last week's 20% share price gain to €2.15, the stock trades at a trailing P/E ratio of 27.4x. Average forward P/E is 21x in the Renewable Energy industry in Germany. Total returns to shareholders of 365% over the past three years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.75, the stock trades at a trailing P/E ratio of 21.4x. Average forward P/E is 20x in the Renewable Energy industry in Germany. Total returns to shareholders of 287% over the past three years. Tillkännagivande • Sep 22
Orrön Energy AB (publ), Annual General Meeting, May 04, 2023 Orrön Energy AB (publ), Annual General Meeting, May 04, 2023, at 13:00 Central European Standard Time. Agenda: AGM. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 27% share price gain to €1.85, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 24x in the Renewable Energy industry in Germany. Total returns to shareholders of 336% over the past three years. Board Change • Jul 31
High number of new directors CEO & Director Daniel Fitzgerald was the last director to join the board, commencing their role in 2022. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.56 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 12 July 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 332%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%). Tillkännagivande • Jun 20
Lundin Energy AB (publ) Provides Production Guidance for Second Half 2022 Lundin Energy AB (publ) provided production guidance for Second Half 2022. The company expects Net power generation to be 150 GWh. Buying Opportunity • Jun 19
Now 20% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €53.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 71% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Jun 17
Lundin Energy AB (Publ) Appoints Aksel Azrac as Board of Director Lundin Energy AB (publ) announced the appointment of Aksel Azrac as board of director, at the AGM held on June 16, 2022. Recent Insider Transactions • Jun 06
Director recently sold €10m worth of stock On the 2nd of June, Lukas Lundin sold around 225k shares on-market at roughly €44.92 per share. In the last 3 months, there was an even bigger sale from another insider worth €12m. Insiders have been net sellers, collectively disposing of €50m more than they bought in the last 12 months. Recent Insider Transactions • May 25
Non-Executive Director recently sold €2.1m worth of stock On the 20th of May, Alexandre Schneiter sold around 50k shares on-market at roughly €42.34 per share. In the last 3 months, there was an even bigger sale from another insider worth €9.1m. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Tillkännagivande • May 04
Lundin Energy ADR to Be Deleted from Other OTC Lundin Energy AB (publ) American Depositary Receipts – Sponsored will be deleted from Other OTC effective from May 04, 2022, due to ADR /GDR Program Terminated. Reported Earnings • Apr 28
First quarter 2022 earnings released: US$0.009 loss per share (vs US$0.24 profit in 1Q 2021) First quarter 2022 results: US$0.009 loss per share (down from US$0.24 profit in 1Q 2021). Revenue: US$0 (down 100% from 1Q 2021). Net loss: US$2.50m (down 104% from profit in 1Q 2021). Profit margin: (down from 6.2% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Director Adam Lundin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 03
Lundin Energy AB (Publ) Approves Quarterly Cash Dividend, Expected to Be Payable on July 12, 2022, October 7, 2022, January 11, 2023 Respectively Lundin Energy AB (publ) at its Annual General Meeting of Shareholders held on March 31, 2022, approved quarterly cash dividend of USD 0.5625 per share, corresponding to USD 160 million (rounded off) per quarter The payment of each quarterly cash dividend of USD 0.5625 is conditional upon that the Company owns all shares in Lundin Energy MergerCo AB (publ) on the record date for the quarterly cash dividend. Pursuant to a preliminary timetable, the Lex Asea distribution of all shares in Lundin Energy MergerCo AB (publ) is planned to occur in late Second Quarter 2022. For as long as the Company owns all shares of Lundin Energy MergerCo AB (publ) and until the Lex Asea distribution is effectuated, the following cash dividend related dates shall apply. Ex-dividend date: July 6, 2022; October 3, 2022; January 4, 2023 respectively. record date: July 7, 2022; October 4, 2022; January 5, 2023 respectively. Expected payment date: July 12, 2022; October 7, 2022; January 11, 2023 respectively. Tillkännagivande • Apr 01
Lundin Energy AB (Publ) Approves Quarterly Cash Dividend, Payable on April 7, 2022 Lundin Energy AB (publ) at its Annual General Meeting of Shareholders held on March 31, 2022, approved quarterly cash dividend of USD 0.5625 per share. The record date for the first quarterly dividend will be April 4, 2022. Payment date is April 7, 2022. Tillkännagivande • Mar 30
Lundin Energy AB Proposes Quarterly Cash Dividend, Payable on 7 April 2022 Lundin Energy AB (Lundin Energy) announced that the first instalment of the proposed quarterly cash dividend of USD 0.5625 per share will amount to SEK 5.30 per share, with a total amount of SEK 1,508 million, corresponding to approximately USD 160 million. The proposed quarterly cash dividend remains subject to approval by the 2022 Annual General Meeting (AGM) that will be held on 31 March 2022. Ex-dividend date is 1 April 2022. Record date is 4 April 2022. Expected payment date is 7 April 2022. Recent Insider Transactions • Mar 12
Independent Director recently sold €9.1m worth of stock On the 9th of March, Charles Ashley Heppenstall sold around 246k shares on-market at roughly €37.18 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €22m more than they bought in the last 12 months. Recent Insider Transactions • Mar 04
Non-Executive Director recently sold €3.3m worth of stock On the 1st of March, Alexandre Schneiter sold around 99k shares on-market at roughly €33.35 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Tillkännagivande • Mar 01
Lundin Energy AB (publ) to Report Fiscal Year 2022 Results on Jan 31, 2023 Lundin Energy AB (publ) announced that they will report fiscal year 2022 results on Jan 31, 2023 Reported Earnings • Feb 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.057 loss per share (down from US$1.35 profit in FY 2020). Revenue: US$0 (down 100% from FY 2020). Net loss: US$16.1m (down 104% from profit in FY 2020). Profit margin: (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 02
Lundin Energy AB (publ) Proposes Quarterly Dividend Lundin Energy AB (publ) announced that as communicated by the company on 29 October 2021 and in accordance with the dividend policy, the board of directors will propose to the 2022 annual general meeting a quarterly dividend of USD 0.5625 per share, corresponding to USD 160 million (rounded off) per quarter, which reflects a 25% increase compared to the 2020 dividend. Before payment, each quarterly dividend of USD 0.5625 per share will be converted into a SEK amount, and paid out in SEK, based on the USD to SEK exchange rate published by Sweden's central bank (Riksbanken) prior to each record date. Tillkännagivande • Feb 01
Lundin Energy AB (publ) Provides Production Guidance for the Year 2022 and 2023 Lundin Energy AB (publ) provided production guidance for the year 2022 and 2023. The company expects 2022 production of 180 Mboepd to 200 Mboepd.The company expects 2023 production of over 200 Mboepd. Tillkännagivande • Jan 22
Lundin Energy AB Announces Total Resource Additions of 200% of 2021 Production Lundin Energy AB announced that as at December 31, 2021, its proved plus probable net reserves (2P reserves) are 639 million barrels of oil equivalent (MMboe) and its proved plus probable plus possible net reserves (3P reserves) are 799 MMboe. 2P reserves plus best estimate net contingent resources (total resources) are 1,019 MMboe, with a total resource replacement ratio3 for 2021 of 202%. Lundin Energy’s 2P reserves include a positive revision of 39 MMboe, and the 3P include a positive revision of 44 MMboe compared to year end 2020. The best estimate net contingent resources (2C resources) as at 31 December 2021 are 380 MMboe, which is an increase of 105 MMboe from year end 2020. The total resources as at 31 December 2021 are 1,019 MMboe, which reflects additions of 144 MMboe from year end 2020, including asset acquisitions. The increase in 2P reserves relates primarily to the Edvard Grieg and Solveig fields. The Edvard Grieg reservoir continues to outperform and together with a successful infill well campaign, reserves have increased by 17%. The gross ultimate recovery for Edvard Grieg is now 379 MMboe, which is an increase of over 100 % since the PDO. Drilling results and early production performance on the Solveig phase 1 development has resulted in an increase of 20 % in 2P reserves. Overall, the Greater Edvard Grieg Area has a gross ultimate recovery of 450 MMboe with a 97 % replacement ratio of its production in 2021. The Johan Sverdrup field continues to exceed expectations, with high uptime, increased processing capacity, excellent reservoir performance and well productivities. The Company’s 2P reserves at year end 2021 includes for the first time a contribution from eight infill wells (previously contingent resources), extending the plateau production period. The Company recognises that there is upside reserve potential in several parts of the field which will be realised through further infill drilling, optimized reservoir management and increased facilities capacity. The technical work to define this upside will be completed by mid 2022. In October 2021, Lundin Energy announced the acquisition of a further 25 % working interest in the Wisting oil discovery located in the Southern Barents Sea, taking the total working interest to 35 %. Equinor, the operator of Wisting, is targeting a PDO by end 2022, to benefit from the temporary tax incentives established by the Norwegian Government in June 2020. The transaction adds 2C resources of 131 MMboe. Based on 2021 exploration results on Iving and further evaluation of the stranded assets in the Barents Sea, Lundin Energy has concluded that these should be excluded from the 2C contingent resources as of year end 2021. The reserves estimates have been audited by ERCE, a third-party independent reserves auditor, and have been calculated using the 2018 Petroleum Resource Management System (SPE PRMS) Guidelines of the Society of Petroleum Engineers (SPE), World Petroleum Congress (WPC), American Association of Petroleum Geologists (AAPG) and Society of Petroleum Evaluation Engineers (SPEE). The contingent resource estimates associated with the Edvard Grieg, Alvheim area, Johan Sverdrup, Solveig and Rolvsnes assets have been audited by ERCE. For the other assets, the contingent resource volumes are based on management estimates. Upcoming Dividend • Dec 28
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 04 January 2022. Payment date: 11 January 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.4%). Tillkännagivande • Nov 30
Lundin Energy Reportedly Considers Sale or Merger Lundin Energy AB (publ) (OM:LUNE) is considering a potential sale, Bloomberg News reported on November 29, 2021, citing unnamed sources. Lundin, which has a market value of about $10 billion, is studying strategic alternatives that could also include a merger or asset disposals, the report said. Responding to what it called market rumours, Lundin said it "continuously engages" in opportunities and discussions that could be of value to its owners. "As of November 29, 2021, there are no conclusive decisions that have been made in relation to any such discussions," the company said in a statement. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.48 (vs US$0.75 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: US$1.48b (up 115% from 3Q 2020). Net income: US$137.5m (down 35% from 3Q 2020). Profit margin: 9.3% (down from 31% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 24
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 01 October 2021. Payment date: 07 October 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.0%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.58 (vs US$0.63 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: US$1.27b (up 216% from 2Q 2020). Net income: US$165.7m (down 7.3% from 2Q 2020). Profit margin: 13% (down from 44% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 27
Director recently sold €9.2m worth of stock On the 24th of June, Charles Ashley Heppenstall sold around 300k shares on-market at roughly €30.60 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Jun 24
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 07 July 2021. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.9%). Tillkännagivande • Jun 15
Lundin Energy AB (Publ) Announces Production Guidance for the Year 2021 Lundin Energy AB (publ) announced production guidance for the year 2021. The company announced that following better than expected production performance across all key fields, the production guidance for 2021 has been increased to between 180,000 to 195,000 barrels of oil equivalent per day (Mboepd), from the original guidance of 170 to190 Mboepd. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.24 (vs US$1.09 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.11b (up 60% from 1Q 2020). Net income: US$68.9m (up US$379.5m from 1Q 2020). Profit margin: 6.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 25
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 31 March 2021. Payment date: 08 April 2021. Trailing yield: 5.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.6%). Reported Earnings • Mar 06
Full year 2020 earnings released: EPS US$1.35 (vs US$2.61 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$2.56b (up 17% from FY 2019). Net income: US$384.2m (down 53% from FY 2019). Profit margin: 15% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses. Oil sales price Average sales price/bbl: US$39.96 Gas sales price Average sales price/mcf (hedged): US$3.97 Combined production and costs Oil equivalent production: 60.043 MMboe (34.055 MMboe in FY 2019) Average production cost/Boe: US$2.94 (US$4.84/Boe in FY 2019) Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue beats expectations Revenue exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 38%, compared to a 31% growth forecast for the Oil and Gas industry in Germany. Tillkännagivande • Mar 03
Lundin Energy AB (publ) to Report Fiscal Year 2021 Results on Feb 01, 2022 Lundin Energy AB (publ) announced that they will report fiscal year 2021 results on Feb 01, 2022 Is New 90 Day High Low • Feb 17
New 90-day high: €25.44 The company is up 28% from its price of €19.95 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.92 per share. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$1.35 (vs US$2.61 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$2.56b (up 17% from FY 2019). Net income: US$384.2m (down 53% from FY 2019). Profit margin: 15% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 26%, compared to a 17% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Jan 09
New 90-day high: €23.74 The company is up 34% from its price of €17.66 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.38 per share. Tillkännagivande • Dec 30
Lundin Energy AB to Report Fiscal Year 2020 Results on Jan 28, 2021 Lundin Energy AB announced that they will report fiscal year 2020 results on Jan 28, 2021 Tillkännagivande • Oct 08
Lundin Energy AB Announces Risk of Johan Sverdrup Shutdown from Union Strike Action Lundin Energy AB announces that due to the ongoing strike action by the Norwegian labour union Lederne, there is a risk that the Johan Sverdrup field will have to temporarily shut down production upon the next crew rotation on 14 October 2020. It is hoped that the Norwegian Oil and Gas Association (NOROG) and Lederne, in the intervening period, may reach a settlement and avert a temporary shutdown of Johan Sverdrup. None of Lundin Energy’s other producing fields have been impacted by the Lederne strike action. Tillkännagivande • Oct 02
Lundin Energy AB to Report Q3, 2020 Results on Oct 29, 2020 Lundin Energy AB announced that they will report Q3, 2020 results at 6:42 AM, GMT Standard Time on Oct 29, 2020 Is New 90 Day High Low • Sep 23
New 90-day low: €17.90 The company is down 15% from its price of €20.97 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 54% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.20 per share. Tillkännagivande • Aug 19
Lundin Energy AB Announces Changes to Management Team, Effective 1 January 2021 Lundin Energy AB announced that the Board of Directors has appointed Nick Walker as Chief Executive Officer following Alex Schneiter’s decision to step-down from the position. This will become effective as of 1 January 2021. Nick Walker has been appointed CEO effective 1 January 2021 as Alex Schneiter has advised the Board of his decision to step-down from his position as of 1 January 2021. Nick has been Chief Operating Officer (COO) of Lundin Energy since 2015 and has worked closely with the strong Norwegian team to deliver the on-going out-performance at the Edvard Grieg field, overseeing the continuous drive for organic production growth and operational efficiency and help successfully deliver the world class Johan Sverdrup project. He brings to the job of CEO over 30 years' experience in the industry, coming from a technical and operational background. He has also developed a strong relationship with the investment and financial community and will continue to work closely with the Board of Directors to continue the strategic growth of the company. Alex Schneiter has offered to remain on the Board as a non-Executive Director and will also stay involved in an advisory capacity with the wider Lundin Group of Companies. He has held the position of CEO since 2015, having been with the business since its inception in 2001. Alex has led Lundin Energy on a strong growth trajectory over his five years as CEO, creating significant shareholder value and overseeing an eight-fold growth in production. His focus on exploration, financial resilience and production efficiency coupled with a passion for responsible practices, has positioned Lundin Energy at the forefront of the upstream operators’ response to the energy transition. He personally led the Company to develop its first ever Decarbonisation Strategy, placing Lundin Energy firmly on the map as the first offshore oil company to target carbon neutrality by 2030, setting out a deliverable timeline in which to achieve that. Alex and Nick will work closely over the next five months to ensure a seamless transition.