UKEnergy Transition & Power Demand▲
Arendals Fossekompani Q2 Operating Profit Soars to NOK123 Million
Arendals Fossekompani ASA reported second-quarter operating profit of NOK123 million, up from NOK32 million a year earlier, driven by strong hydropower, ENRX, and Tekna performances. Group revenue declined 2% to NOK884 million, while earnings after tax were negative NOK23 million due to impairments and a high effective tax rate. Volue revenue rose 15% to EUR37.6 million with recurring revenue up 17%, and Tekna posted its fourth consecutive quarter of positive adjusted EBITDA with record order intake. Hydropower production more than doubled to 124 GWh, contributing NOK104 million in operating profit at an 80% margin.