Statkraft returns to profits after rise in energy prices

Norway's largest utility is now profitable again after years of losses.

Photo: Statkraft

State-owned Norwegian utility Statkraft can now look back on a 2017 with a bottom line profit after years of turbulence, shows the company's annual report, just released this Thursday.

The group landed a result of NOK 11.7 billion (EUR 1.2 billion) last year, relative to a loss of NOK 179 million in 2016. The top line rose 19 percent to NOK 62 billion. Looking at the operating results, the firm realized an adjusted EBITDA of NOK 14 billion relative to NOK 12 billion the previous year.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

New developer has 11GW offshore wind ready from inception

Profiles from European Energy, Ørsted and Centrica team up to found a new company aiming to develop solar, onshore wind, offshore wind and do power trading. Theres a hole in the market for us right now — in five years it will be closed, says director.

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs