Statkraft announces best operating result yet

Norwegian state-owned utility Statkraft finished the first half of 2019 with the strongest operating result in the company's history. New power contracts boost the result.

Photo: StatkraftPR

"The operating profit for the first half year is the highest in the history of Statkraft, reflecting solid operations and strong contribution from our market activities," says Christian Rynning-Tønnesen, chief executive at Norwegian state-owned utility Statkraft, in a stock exchange notice on the company's second quarter financial report.

Statkraft finished Q2 with an underlying operating result (EBIT) of NOK 2.6 billion (EUR 269.2 million), corresponding to an NOK 1.19 billion improvement compared to the same quarter last year. This significant advancement is explained by an improved result in market operations, trade activities and higher power generation. After taxes, the bottom line lands at just above NOK 2.1 billion, expressing massive advancement.

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