Bonheur ASA ( (BNHUF) ) has released its Q1 earnings. Here is a breakdown of the information Bonheur ASA presented to its investors.
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Bonheur ASA is a diversified company operating primarily in the renewable energy, wind service, and cruise industries, with significant investments in media and other sectors. The company’s latest earnings report for the first quarter of 2025 shows a mixed performance across its segments.
In the first quarter of 2025, Bonheur ASA reported operating revenues of NOK 2,896 million, a slight decrease from NOK 2,973 million in the same period last year. Despite this, the company achieved an EBITDA of NOK 728 million, up from NOK 596 million, and an EBIT of NOK 404 million, compared to NOK 317 million in the previous year. However, the net result after tax fell significantly to NOK 92 million from NOK 304 million.
The Renewable Energy segment saw an increase in EBITDA to NOK 506 million due to higher power prices in the UK, although this was offset by lower prices in Sweden and reduced generation due to technical issues. The Wind Service segment also improved its EBITDA to NOK 280 million, despite reduced revenues from yard stays for two vessels. The Cruise segment faced challenges with an EBITDA of NOK -33 million, impacted by lower occupancy due to geopolitical issues affecting cruise itineraries.
Looking forward, Bonheur ASA remains focused on its strategic investments and operational improvements. The company is progressing with several renewable energy projects and expects to benefit from its diversified portfolio and ongoing investments in technology and innovation.