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Skandia GreenPower (SKAND) investor relations material
Skandia GreenPower Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and EBITDA in line with forecasts, with stable operations in Q1 2026.
EBITDA reached 8.1 MNOK and net result was 3.3 MNOK, both up year-over-year from 7.5 MNOK and 2.9 MNOK respectively.
Customer base declined to 53,202 from 54,075 in Q4, attributed to new order routines.
Dividend of NOK 0.045 per share paid in March 2026; plan to distribute 90% of net result semi-annually continues.
Ongoing exploration of M&A and strategic opportunities to enhance shareholder value.
Financial highlights
Gross revenue surged to 350.6 MNOK in Q1 2026 from 196.1 MNOK in Q1 2025, driven by higher electricity prices.
Net revenue was 16.0 MNOK, a slight decrease from 16.9 MNOK year-over-year.
EBITDA increased to 8.1 MNOK from 7.5 MNOK in Q1 2025.
Net result after tax was 3.3 MNOK, up from 2.9 MNOK in Q1 2025.
Operating expenses and cost of goods sold rose in line with revenue growth.
Outlook and guidance
EBITDA for 2026 is guided at 32 MNOK, with Q1 performance tracking as expected.
Customer target set at 100,000 by year-end 2026, with focus on profitable growth over volume.
Implementation of consolidated billing (gjennomfakturering) expected to boost competitiveness and customer retention.
Dividend guidance for 2026 is NOK 0.095 per share, a 46.2% increase over 2025.
Revenues in Q1 2026 were fully in line with previous guidance.
- Returned to profitability in H1 2024 with strong EBITDA and major customer growth ahead.SKAND
Q2 20244 Mar 2026 - Q3 2024 net result and EBITDA improved sharply, driven by Motkraft acquisition and organic growth.SKAND
Q3 20244 Mar 2026 - H1 2025 saw higher revenue, EBITDA, and net income, with a 90% payout planned.SKAND
Q2 20254 Mar 2026 - Q1 2025 saw strong EBITDA and profit growth, with board approval for dividends and buybacks.SKAND
Q1 20254 Mar 2026 - EBITDA reached 4.7 MNOK in Q3 2025, with capital returns and churn stabilizing after Norgespris.SKAND
Q3 20254 Mar 2026 - Q4 EBITDA up 3.7% to 11.1 MNOK, strong cash flow, and 90% net income dividend payout.SKAND
Q4 202525 Feb 2026 - SGP achieved record EBITDA and net profit in 2024, fueled by acquisitions and operational efficiency.SKAND
Q4 20245 Jun 2025
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