)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Elmera Group (ELMRA) investor relations material
Elmera Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Core net revenue margins increased year-over-year in both Consumer and Business segments, with robust organic customer growth, especially in Norway and the Nordics.
Insourcing of the power trading function improved forecasting accuracy and reduced imbalance volumes by 30%.
Norgespris, a new power support scheme, launched with significant household adoption, driving customer mobility and strong organic growth of over 9,000 deliveries in the Consumer segment.
Despite higher than normal temperatures reducing electricity consumption, financial results remained solid.
Gross revenue increased 27% to NOK 1,774m, driven by higher electricity prices, but volume sold decreased due to mild weather and strategic phase-out of low-margin contracts.
Financial highlights
Adjusted net revenue for Q3 2025 was NOK 351m (Q3 2024: NOK 368m); adjusted EBIT was NOK 61m (Q3 2024: NOK 79m); LTM adjusted net revenue was NOK 1,708m (LTM 2024: NOK 1,780m); LTM adjusted EBIT was NOK 482m (LTM 2024: NOK 572m).
Operating expenses were NOK 290m, stable year-over-year; LTM OpEx was NOK 1,226m.
Payments to obtain new contracts increased to NOK 44m (Q3 2024: NOK 39m).
Net cash from operating activities was NOK 292m (Q3 2024: NOK 244m); cash position improved due to working capital release and positive cash EBIT.
Total equity as of 30.09.2025 was NOK 1,378m (Q3 2024: NOK 1,414m).
Outlook and guidance
Financial targets remain unchanged, but net revenue and adjusted EBIT for 2025 are expected to be below target due to mild weather and increased credit risk in Sweden's SME segment.
Norgespris adoption is expected to increase consumption by 1.5%-3% in the short term, with further growth long-term.
Growth in the Consumer segment is expected to moderate after the Norgespris launch, but Nordic expansion and acquisitions in Norway, Sweden, and Finland remain a focus.
Quantify insourced power trading's profit impact
Are Business segment margin drivers sustainable?
Are mobile price point revisions improving NGI profit?
What is the realized value from power trading in-sourcing?
What is the Fjordkraft brand rollout plan in Nordics?
Outlook for Consumer segment growth post-Norgespris?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Elmera Group earnings date
Q4 202513 Feb, 2026
Next Elmera Group earnings date
Q4 202513 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Elmera Group ASA (formerly Fjordkraft Holding ASA), together with its subsidiaries, engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway. The company offers hydroelectric-based power to individual customers. It is also involved in the generation of electrical power from renewable sources; purchase, custody, and distribution of electricity to business customers; and provision of multi utility services comprising telecommunication, television signal transmission, internet access, and other telecommunication services.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage