EnergyWatch

Statkraft quadruples result in Q1

The Norwegian utility quadrupled its profits in the first quarter thanks to a divestment of an offshore wind farm and fewer investments.

State-owned Norwegian utility Statkraft has seen a boost across the board in the first quarter.

Revenue increased by a little over NOK 1 billion (EUR 100 million)  to NOK 15.09 billion relative to the same quarter the year prior. EBIT increased NOK 2 billion to NOK 5.96 billion.

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