Statkraft publishes Q3 results

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Statkraft recorded a strong EBIT in the third quarter. The solid result strengthens Statkraft’s financial capacity and ability to deliver on the company’s growth strategy.

The underlying EBIT was NOK 4.6 billion in the quarter, an increase of NOK 3.5 billion compared with the third quarter last year. The increase was driven by substantially higher Nordic power prices and very high Norwegian hydropower generation. The EBIT was negatively influenced by losses from Market operations as a result of record-high volatility for power and other energy related commodities. “The high Nordic power prices and a very high Norwegian hydropower generation led to a strong EBIT in the third quarter. The strong results have a positive impact on our investment capacity and... ... More: Official Press Release Statkraft

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