Statkraft AS : Result for the first quarter of 2015
(Thomson Reuters ONE) -
Solid result and strengthened international position
(Oslo, 30 April 2015) In the first quarter of 2015, Statkraft achieved an
underlying[1] operating profit before depreciation (EBITDA) of NOK 3547 million,
a decline of NOK 289 million compared with the corresponding period in 2014.
Statkraft is strengthening its position in Brazil and Chile through the
acquisition of majority interests in two companies.
"Statkraft delivered a solid operating profit before depreciation with positive
contributions from all business areas", says President and CEO Christian
Rynning-Tønnesen. Nordic power prices measured in EUR were 7 per cent lower than
in the corresponding period last year, but this was offset by somewhat higher
power generation.
The net profit was NOK 3683 million, an improvement of NOK 882 million compared
with the first quarter of 2014. Negative currency effects in the financial items
as a result of a stronger NOK against EUR had a positive impact on the quarterly
profit. The currency effects are counterbalanced by currency translation effects
in equity.
Statkraft's international position within renewable energy has been strengthened
through acquisitions of hydropower in Brazil and Chile. Statkraft has entered
into an agreement to purchase shares in the Brazilian company Desenvix Energias
Renováveis S.A. The transaction is scheduled to be completed in the third
quarter of 2015 and will increase Statkraft's shareholding to 81.3 per cent.
In April, Statkraft also completed the purchase by 98.2 per cent of Empresa
Eléctrica Pilmaiquén S.A. in Chile. "Brazil and Chile have a rising need for
energy. These acquisitions will strengthen Statkraft's position in South America
within renewable power generation and add new hydropower projects", says
Rynning-Tønnesen.
Statkraft has acquired 50 per cent of the rights to the offshore wind power
project Triton Knoll (up to 900 MW). This latest investment represents
Statkraft's third offshore wind project in the UK. "Statkraft will spearhead the
development of the project leading up to the investment decision and will be the
operator of a potential future construction. This will contribute toward
developing Statkraft as a leading company within offshore wind power", says
Christian Rynning-Tønnesen.
Statkraft is a leading company in international hydropower and Europe's largest
generator of renewable energy. The Group produces hydropower, wind power, gas
power and district heating, and is a global player in energy market operations.
Statkraft has 3 700 employees in more than 20 countries.
For additional information:
SVP Investor Relations Thomas Geiran, tel.: +47 905 79 979, e-mail:
thomas.geiran(at)statkraft.com
Press spokesperson Knut Fjerdingstad, tel.: +47 901 86 310, e-mail:
knut.fjerdingstad(at)statkraft.com
SVP Corporate Communication Bente E. Engesland, tel.: +47 911 59 952, e-mail:
bente.engesland(at)statkraft.com
or www.statkraft.com
--------------------------------------------------------------------------------
[1] Adjusted for unrealised changes in value and material non-recurring items
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Statkraft Q1 2015 Interim Report:
http://hugin.info/133427/R/1916748/685498.pdf
Statkraft Q1 2015 Presentation:
http://hugin.info/133427/R/1916748/685499.pdf
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originality of the information contained therein.
Source: Statkraft AS via GlobeNewswire
[HUG#1916748]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2015 - 08:02 Uhr
Sprache: Deutsch
News-ID 389725
Anzahl Zeichen: 4336
contact information:
Town:
Oslo
Kategorie:
Business News
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