Statkraft presents solid results in Q3

Image: StatkraftImage: Statkraft
Statkraft signed several long-term power contracts, including a power sales agreement with AstraZeneca in Sweden.

Official Press Release Statkraft:

Solid results, despite considerably lower prices

Wind Industry Profile of
Solid results, despite considerably lower prices

Statkraft delivered solid results in the third quarter even though power prices were significantly down. Value creation was particularly strong from energy management and market activities. Statkraft continues to deliver on its ambitious growth strategy.

Net operating revenues was NOK 10.6 billion in Q3 2023 compared to 13.2 billion in the comparable quarter last year, when the European energy crises caused extraordinary market conditions. Underlying EBIT decreased to NOK 4.9 billion (NOK 9.0 billion), while profit after tax was NOK 4.4 billion (NOK 3.8 billion). Energy markets continued to normalise and weather conditions were wetter, resulting in a fall in European power prices in the third quarter by 84 per cent in the Nordic region and 76 percent in... ... More: Official Press Release Statkraft

Statkraft, market, solid, results, quarter, Q3, Norway, asset, power contract, ambition, GW, capacity

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