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financial statements Gasum

Gasum Group Financial statements bulletin published

In 2016 we took purposeful steps to advance our strategy, and the Gasum Group’s financial performance had a positive trend, comments CEO Johanna Lamminen.


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13.07.2017

Gasum Group Interim report for January 1 to June 30, 2017

Gasum's position strengthened as the leading LNG provider in the nordic countries and developer of the nordic gas ecosystem

GASUM GROUP INTERIM REPORT FOR JANUARY 1 TO JUNE 30, 2017:

 

  • Revenue €506 million (H1 2016: €445 million)

  • Operating profit €66 million (H1 2016: €68 million)

  • Sales of Natural Gas business 12.5 TWh (13.2 TWh)

  • Sales of LNG business 3.1 TWh (2.7 TWh)

  • Sales of Biogas business 287 GWh (114 GWh)

 

Gasum CEO Johanna Lamminen comments on the period under review:

"During the period under review, Gasum strengthened its position as the leading provider of liquefied natural gas (LNG) in the Nordic countries by increasing its shareholding in Skangas to 70%. Developing the Nordic gas ecosystem is a key element of Gasum’s strategy, and LNG in particular will play an increasingly important role in the Nordic gas market in the future. The significance of LNG in the Baltic Sea and the Nordic countries is increasing rapidly, particularly in maritime transport, heavy-duty road transport and industrial use.

In Gasum's Biogas business, there was a special focus on biogas as a road vehicle fuel. Gasum opened new filling stations and launched a campaign offering Finnish biogas for cars at a fixed monthly price. In June, filling stations were opened in Hämeenlinna and Pori, and during the summer stations will also be opened in Vantaa (Petikko) and Jyväskylä. Finland's National Energy and Climate Strategy sets the target of raising the number of gas vehicles to 50,000 by 2030. Gasum has taken on this challenge and is determined to develop the market actively in order for this target to be reached on schedule.

The government proposal for Finland’s new Natural Gas Market Act was published in May 2017, and the bill proposed was passed by Parliament in June. The new Natural Gas Market Act will enter into force on January 1, 2018 and result in the opening up of the Finnish natural gas wholesale and retail markets to competition in 2020. Gasum regards it as essential to create, together with customers, models for the transition to an open market that will best serve Finnish gas users."


Read Q2 -interim report >

 

For further information please contact:
Johanna Lamminen, Chief Executive Officer, Gasum
Phone: +358 20 44 78 661 (Henna Walker, Executive Assistant)
forname.surname(a)gasum.com

The energy company Gasum is a Nordic gas sector (natural gas and biogas) expert that is building a bridge to a carbon-neutral society on land and at sea. Gasum contributes to the creation of a sustainable energy economy by increasing the supply of local biogas, developing the Nordic gas ecosystem and ensuring the price competitiveness of gas. Gasum imports natural gas to Finland, upgrades biogas and transmits and delivers these for a broad range of uses in energy production, industry, homes, and land and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The Gasum subsidiary Skangas is a Nordic expert in liquefied natural gas (LNG) that will continue to strengthen the position and infrastructure of LNG and the utilization of new gas solutions more extensively in Finland, Sweden and Norway. The Gasum Group has more than 400 employees in Finland, Norway and Sweden. The Gasum Group’s revenue totaled €843 million in 2016.

 

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11.07.2017

New Skangas Board member appointed

The Extraordinary General Meeting of Skangas appointed Hans von Uthmann on Wednesday July 5, 2017 as a new member to the Skangas Board.

Hans von Uthmann is a board professional, who has a strong international background from energy sector, oil and gas. He has previously worked as a Senior Executive Vice President and Head of Nordic in Vattenvall AB. Before that he worked as a Managing Director of Duni AB and Managing Director in AB Svenska Shell and earlier at the Board of Fortum.

LNG company Skangas is a leading supplier in the Nordic LNG markets. The company provides customers with LNG for shipping, industrial and heavy-duty land transport needs. Skangas is a subsidiary of the Gasum Ltd (70%) and partly owned by the Norwegian energy company Lyse (30%).

 

More information please contact:

Johanna Lamminen, Chairman of the Board, Skangas
Phone: +358 20 44 78 661 (Henna Walker, Executive Assistant)

Olga Väisänen, Vice President, Communications, Gasum
Phone: +35840 55 40 578, forname.lastname@gasum.com

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27.06.2017

Gas for Pori – The city’s first gas filling station inaugurated today

The first gas filling station in Pori was inaugurated today, Tuesday June 27, 2017 at Maamiehenkatu in the Pori district of Tiilimäki. The station provides compressed natural gas and biogas for cars, delivery vehicles, waste management vehicles and buses.

The first gas filling station in Pori has opened at Maamiehenkatu in the Pori district of Tiilimäki. Gasum is actively developing its network of biogas and natural gas filling stations and will open 35 new filling stations over the next few years. A number of stations are planned for the Helsinki Metropolitan Area, Turku, Oulu and Lahti, among other places. 

”We are working for cleaner road traffic and are now intensively building a network of filling stations. The number of gas-fueled vehicles in Finland is growing at a record rate. There is a desire to see more traffic fueled by renewable energy on Finnish roads and biogas is one of the most attractive options to traditional fuels. The opening of the filling station in Pori has been eagerly awaited in the Satakunta region and further improves the possibilities for consumers and companies in the area to switch to using biogas. Besides Pori, this year drivers of gas-fueled vehicles can already fill up at filling stations in other new places in Hämeenlinna, Jyväskylä and Vantaa,” says Gasum CEO Johanna Lamminen.

“The City of Pori is the largest municipal member in the Carbon Neutral Municipalities project. This means low emissions are naturally our goal in traffic, too. The opening of the station in Pori is an important part of the city’s moves this summer for low emission traffic,” says Aino-Maija Luukkonen, Mayor of Pori.

Also present at the inauguration was Eerola-yhtiöt, experts in the waste management business who were the first in Finland to switch over to driving on renewable Finnish biogas produced from their own waste. 

“We are proud of being leaders. For us, driving on gas produced from our own waste is a natural way to be more environmentally sound as a company. Not only that, the utilization of waste in traffic also supports employment in Finland. We use biogas both in our heavy and light vehicles,” says Pasi Eerola CEO of Eerola-yhtiöt.

Filling stations for cleaner traffic

Gasum biogas is a renewable Finnish biofuel. Using biogas as a road fuel is the easy way to reduce carbon dioxide and particulate emissions. It is the only road fuel sold in Finland to have been awarded the Nordic Ecolabel as well as the Made in Finland Key Flag Symbol. Not only is biogas environmentally friendly, it is also an affordable road fuel.

For more information:

Jukka Metsälä, Vice President, Biogas, Gasum Ltd, tel. +35840 5633 756, firstname.lastname(a)gasum.com

Olga Väisänen, Vice President Communications, tel. +358 40 554 0578, firstname.lastname(a)gasum.com

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