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Sweden's Orron Energy returns to positive EBITDA in Q3 

By Reuters News


Overview

  • Sweden renewable energy firm's Q3 revenue from power generation rose year-on-year

  • Company reported positive EBITDA for the quarter, compared to a loss last year

  • Cloudberry transaction generated gain on sale and strengthened balance sheet


Outlook

  • Company expects Nordic power prices to remain elevated over the coming years

  • Company expects grid connection decisions for German projects by end-November 2026

  • Company sees elevated power prices continuing into 2027 and 2028


Result Drivers

  • CLOUDBERRY TRANSACTION - Combination with Cloudberry generated gain on sale, improved financial position and added exposure to Nordic power markets

  • KARSKRUV OUTPUT - Increased power generation and higher realised electricity prices from Karskruv wind farm

  • GERMAN PROJECT SALES - Initiated sales process for three integrated energy hubs in Germany, combining data centres, solar PV and battery storage


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue From Power Generation

EUR 2.30 mln

Q3 Net Loss

EUR 1.40 mln

Q3 EBIT

-EUR 300,000

Q3 EBITDA

EUR 900,000


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the independent power producers peer group is "buy"


Reuters Recommended Reads

  • Nov 3 - Enlight Renewable Q3 revenue rises 40% on new projects

  • Nov 3 - Denmark's Solar Q3 revenue rises on organic growth

  • Nov 3 - Germany awards $13 billion gas plant contracts to utilities including LEAG, RWE


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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