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Magnora ASA
OSE:MGN

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Magnora ASA
OSE:MGN
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Price: 19.68 NOK -1.6% Market Closed
Market Cap: 1.3B NOK

Magnora ASA
Investor Relations

Magnora ASA operates as a renewable energy development company. The company is headquartered in Oslo, Oslo. The company went IPO on 2004-12-13. It’s strategy is to develop wind projects in Norway and abroad from early phase greenfield to ready-to build. The firm investing in companies and projects to be a part of the development of the renewable energy solutions that deliver clean energy to industries and consumers.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 24, 2025
AI Summary
Q3 2025

Data Center Focus: Magnora is accelerating its data center development business, assembling an experienced team and acquiring Storespeed to strengthen its position in Norway and Sweden.

Dividend Cut: The company has cut its regular NOK 12 million dividend to reallocate capital to high-growth data center opportunities, responding to strong investor interest.

Financial Position: Magnora reported a cash balance of NOK 192.6 million and no bank debt, with improved EBITDA and a reduced operating loss for the quarter.

Lead Generation: Magnora secured 1,500 megawatts in data center leads during the quarter, with a lead base of over 1,000 megawatts in Sweden and 500 megawatts in Norway.

Market Outlook: Management sees strong and increasing demand for data centers in the Nordics due to low electricity prices, a high share of green energy, and robust infrastructure.

Guidance: Magnora remains on track for its 10-gigawatt year-end target and expects potential sales of 600 to 725 megawatts, though this may be challenging due to timing.

Key Financials
Cash Balance
NOK 192.6 million
Dividend
NOK 12 million
Operating Activities
Negative NOK 29 million
EBITDA
Slight improvement from Q2
Operating Loss
Reduced from Q2
Shareholder Returns
NOK 1 billion returned over last year
Credit Facility and Cash
NOK 342 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Torstein Sanness
Executive Chairman
No Bio Available
Mr. Erik Daylemani Sneve
Chief Executive Officer
No Bio Available
Mr. Bard Olsen
Chief Financial Officer
No Bio Available
Mr. Haakon Alfstad
Executive Vice President of Projects
No Bio Available
Ms. Emilie Schjøtt Brackman
VP of Offshore Wind & CEO of Magnora Offshore Wind
No Bio Available
Ms. Hanne Wiger
Business Controller
No Bio Available
Mr. Trond Gartner
Senior Vice President of Business Development
No Bio Available

Contacts

Address
OSLO
Oslo
Karenlyst Alle 2
Contacts