Statnett delivers solid boost in H1

The Norwegian system operator has experienced a positive first half in 2018, where higher tariffs secured Statnett progress across everything from revenue to profit.

Photo: Scira

Statnett has increased its investments in H1 2018 and the system operator has also seen a strong boost in results.

Revenue grew to NOK 4.472 billion (EUR 457 million) whereas in the first half of 2017 the company booked NOK 3,682 billion. EBIT landed at NOK 1.559 billion against NOK 941 billion the year prior. On the bottom line, Statnett has achieved almost a doubling with its NOK 1,033 billion against NOK 550 million.

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