Elmera Group Sees Growth Amidst Warm Weather Challenges

Fjordkraft Holding ASA (DE:1ZK) has released an update.

Elmera Group reported a slight increase in adjusted net revenue to NOK 389m and operating profit to NOK 106m for Q2 2024 despite reduced power consumption due to warmer weather. The company saw customer growth in the Nordic segment for the first time since cutting unprofitable contracts, positioning it for future growth. Challenges included a loss on a major corporate customer and increased losses on customer receivables.

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