Norway’s energy retailer Elmera reported a 20% rise in adjusted net revenue for the second quarter, driven by higher volumes and elevated elspot prices, while operating expenses remained stable.
Adjusted net revenue reached NOK 399 million in Q2, compared with NOK 333 million in the same period last year. Adjusted EBIT rose year-over-year to NOK 121 million, reflecting improved performance across its business segments.
The consumer segment continued to grow its customer base, while the business segment delivered its highest adjusted EBIT in three years. The Nordic segment also showed significant improvement compared with the prior-year period.
Elmera maintained its 2026 financial targets, including an adjusted EBIT of around NOK 575 million, inclusive of Telinet. The company’s CEO, Rolf Barmen, highlighted the positive momentum across its operations during the quarter.
The ongoing tender offer process initiated by Fortum remains underway, with no further updates provided in the results statement.
