Statkraft delivered strong third quarter results

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Statkraft delivered strong third quarter results, supported by high energy prices and solid contributions from trading and origination activities. The underlying EBIT almost doubled to NOK 9 billion despite lower hydropower production in Southern Norway to store water for the winter. The quarter was characterized by volatile markets as the war in Ukraine and the European energy crisis continued.

Net operating revenues rose to NOK 13.2 billion from NOK 8.1 billion in Q3 2021 Underlying EBIT almost doubled to NOK 9 billion vs. Q3 2021 Cashflow from operations was NOK 8.6 billion, down from NOK 9.9 billion in Q3 2021  Total power generation was 12.2 TWh, down 3.1 TWh, due to lower hydropower generation in Southern... ... More: Official Press Release Statkraft

Keywords:

Statkraft, Q3, results, winter, energy prices, EBIT, hydropower, energy crisis, increase, Norway