Statkraft Publishes Results for Q3

Wind Industry Profile of

Solid quarter despite lower power prices.

Statkraft recorded an underlying EBIT amounting to NOK 2899 million in the third quarter of 2019. This was an increase of NOK 219 million from the corresponding quarter last year. The increase was mainly driven by improved results from Market operations. The average Nordic system price in the quarter was 34.7 EUR/MWh, a decrease of 31 per cent compared with the same quarter in 2018. Total generation was 14.9 TWh in the quarter, an increase of 1.8 TWh. The increase in generation was primarily related to gas-fired power. "The increase in EBIT in a market with falling power prices demonstrates strong operations and Statkraft’s robustness," says CEO Christian... ... More: Official Press Release Statkraft

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