Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
2022-08-18 07:00:00
Q2 2022 Highlights:
o Solid financial results despite low consumption volumes in the quarter
o Group net revenue of 403 NOKm (+4% YoY) and EBIT adj. of 123 NOKm (-13% YoY)
in the quarter
o Significant positive shift in trend in the customer development in the
Consumer segment, with a stable customer development in the quarter
o Continued growth in the Business segment, both in profitability and deliveries
o Stable development in the strategic customer base in the Nordic segment.
Revenues negatively affected by peak/off-peak prices
o New organisational model implemented
Solid financial results despite low consumption volumes
The second quarter of 2022 has been yet another quarter with high electricity
prices. The geopolitical situation in combination with weak hydrology are
resulting in an extraordinary price level while limited transmission capacity is
causing huge area price differences. Simultaneously, peak/off-peak price
differences have been significant in Sweden and Finland, and particularly in
June, affecting profits negatively.
The Group's net revenue adj. was 403 NOKm and EBIT adj. was 123 NOKm in the
quarter - a solid result, despite low consumption volumes following the high
elspot price level and a mild June. The organic customer development in the
Consumer segment has made a significant positive shift in trend, and the
Business segment continues its growth. The Nordic segment's strategic customer
portfolio is stable, while low revenue tender customers represent the change
from last quarter.
The Group implemented a new organisation model in the quarter, where replicating
the success from Fjordkraft's Business segment into the Gudbrandsdal Energi and
Nordic Green Energy brands, as well as support the realisation of cost
efficiency and synergies are important focus areas.
Please find attached the quarterly report and quarterly presentation.
Results Presentation: Time: 18 August 2022 at 08.00 CET
The presentation will be webcasted live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20220818_2/
For further information, please contact: Morten A. W. Opdal, Acting CFO, +47 970
62 526