Skandia GreenPower AS ( (DE:0RQ) ) has provided an update.
Skandia Greenpower AS reported a significant financial turnaround in 2024, achieving a net profit of NOK 13.6 million compared to a loss in the previous year. The company more than doubled its customer base, reaching 56,476 customers by the end of the year, and maintained a positive cash flow from operations. Despite regulatory and market changes, Skandia Greenpower remains optimistic about increasing EBITDA in 2025 and aims to grow its customer base to 100,000 by the end of 2026, highlighting its strong market positioning and growth potential.
More about Skandia GreenPower AS
Skandia Greenpower AS is a group that owns and operates various brands delivering electricity and related services to the Norwegian end-user market. The group includes wholly-owned companies such as Skandia Energi, Saga Energi, Motkraft, elKompis, and a software company Skandia Smarthus, as well as a partly owned company Klarkraft.
YTD Price Performance: 22.86%
Technical Sentiment Signal: Sell
Current Market Cap: €11.91M
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