Linde Stock Price, News & Analysis

Orrön Energy has announced a townhall meeting for shareholders scheduled for Tuesday, May 20 at 18:30 CEST in Stockholm. The event will feature presentations from CEO Daniel Fitzgerald and CFO Espen Hennie, focusing on the company's performance, strategy, and future outlook.

The meeting will provide shareholders an opportunity to engage with the Company's Board of Directors and management team through a Q&A session. Orrön Energy, listed on Nasdaq Stockholm under 'ORRON', is an independent renewable energy company within the Lundin Group of Companies, with operations focused on:

• Core portfolio of cash flow generating assets in the Nordics
• Greenfield growth opportunities across the Nordics, UK, Germany and France
• Significant financial capacity for growth and acquisitions

Orrön Energy (Nasdaq Stockholm: ORRON) has announced it will release its Q1 2025 financial report on Tuesday, May 6, 2025, at 07:30 CEST. The company will host a webcast presentation at 14:00 CEST featuring CEO Daniel Fitzgerald and CFO Espen Hennie, followed by a Q&A session.

Orrön Energy is an independent renewable energy company within the Lundin Group, focusing on cash flow generating assets in the Nordics with growth opportunities across the Nordics, UK, Germany, and France. The company emphasizes its strong financial position for funding growth and acquisitions, supported by experienced management and major shareholders.

Orrön Energy has published its Annual and Sustainability Report for 2024, making it available on their website www.orron.com. The company, listed on Nasdaq Stockholm as 'ORRON', is an independent renewable energy company within the Lundin Group of Companies.

The company's portfolio features cash flow generating assets in the Nordics, along with growth opportunities across the Nordics, UK, Germany, and France. Backed by major shareholders and experienced management, Orrön Energy positions itself uniquely in the energy transition sector with significant financial capacity for growth and acquisitions.

Shareholders can access the report online or request a printed copy via phone. The report was published at 09.00 CEST on April 9, 2025, in compliance with Swedish Securities Markets Act requirements.

Orrön Energy AB has announced its Annual General Meeting (AGM) to be held digitally on May 5, 2025 at 11:00 CEST. Shareholders can participate through digital attendance, proxy, or postal voting. Key registration deadlines are set for April 24 and 28, 2025.

The meeting agenda includes standard items like financial statements approval and board elections. Notable proposals include: maintaining a six-member board, re-electing five current members and adding Richard Ollerhead as a new member, setting board member compensation at EUR 60,000 annually (EUR 120,000 for Chair), and implementing the LTIP 2025 long-term performance-based incentive plan for approximately 9 key employees.

The Board proposes no dividend distribution for the period. Ernst & Young AB is proposed for re-election as auditor. The meeting will feature digital voting capabilities, though shareholders are advised that postal voting might be more reliable due to potential technical issues.

Orrön Energy reported its Year End 2024 results, highlighting a 5% increase in annual long-term proportionate power generation, adding 50 GWh through acquisitions. The company achieved record quarterly production of 287 GWh in Q4, with total annual generation reaching 907 GWh.

Key financial metrics include proportionate EBITDA of MEUR 7.0, with achieved electricity price of EUR 34 per MWh. The company maintains strong liquidity with MEUR 170 revolving credit facility, while reporting proportionate net debt of MEUR 65.0.

Notable developments include reaching ready-to-permit milestone for a UK project featuring 1.4 GW solar and 500 MW battery capacity, initiating a sales process for potential divestment. Despite challenging market conditions with volatile electricity prices, the company completed value-accretive acquisitions in Sweden and strengthened its balance sheet through the Leikanger hydropower asset sale.

Orrön Energy has announced its upcoming Capital Markets Day presentation scheduled for February 12, 2025. The company will release its Q4 and full-year 2024 financial report at 07:30 CET, followed by the presentation at 14:00 CET. CEO Daniel Fitzgerald and CFO Espen Hennie will discuss the report and present the company's future growth strategy.

The event will include a Q&A session and will be accessible via webcast. Orrön Energy, listed on Nasdaq Stockholm under 'ORRON', is a renewable energy company within the Lundin Group, focusing on Nordic assets with expansion opportunities in the UK, Germany, and France.

Orrön Energy reported mixed results for the nine months ended September 2024. The company added 33 GWh of annual power generation through acquisitions in SE3 and SE4 price areas. Power generation reached 620 GWh, approximately 10% below expectations due to lower wind speeds and voluntary production curtailments. Financial highlights include cash flows from investing activities of MEUR 39.5, benefiting from the Leikanger hydropower plant sale. Operating cash flows were MEUR -3.6, with achieved electricity price at EUR 35 per MWh resulting in proportionate EBITDA of MEUR 6.9. The company maintains significant liquidity through a MEUR 170 revolving credit facility, with proportionate net debt at MEUR 55.9.

Orrön Energy AB has announced its Nomination Committee composition for the 2025 Annual General Meeting scheduled for May 5, 2025. The committee members are Aksel Azrac (Nemesia S.à.r.l.), who will serve as Chair, Sussi Kvart (Handelsbanken Fonder AB), and Richard Ollerhead (JNE Partners LLP). The committee will make recommendations on board elections, remuneration, auditor selection, and committee processes. Shareholders can submit motions until January 31, 2025.