Price hedging secures Statkraft's safe landing in Q3

Despite low Norwegian power prices, Statkraft exits this year's third quarter with satisfactory results.

Photo: PR / Statkraft

It's been an exciting year, to put it mildly, for Norwegian utility Statkraft, which has presented interim results during the period with equally wild fluctuations in bottom-line figures.

Nonetheless, Statkraft has still managed to close the third quarter with earnings before interest and taxes of NOK 1.1 billion (EUR 99.44 million), which, however, is still a decrease of NOK 869 million relative to the same period's post from 2019.

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