Skandia GreenPower
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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.
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Q1 2026 earnings summary7 May, 2026

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.

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