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Additional details

Lasse Aarnio
CFO
p. +358 50 453 6064
lasse.aarnio@gasum.com

Key data for 2017

Revenue €925 million
(2016: 843)

Operating profit €114 million
(2016: 125)

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Key figures and financial reports

Jaa:

Please read more about Gasum Group's key figures, financial reports, financial statement bulletins and interim reports (pdf).

2018

Q1-Interim report 1.1.–31.3.2018
Q2-Interim report 1.1.–30.6.2018
Q3-Interim report 1.1.–30.9.2018

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Gasum Group published Financial Statements Bulletin 1.1.–31.12.2017

In 2017 we expanded our gas market in line with our strategy on land and at sea. Gas plays an important role in the Nordic energy market and in the transition towards a carbon-neutral society. Our Group’s financial performance developed as expected.

"We took major steps towards a cleaner tomorrow during the year. Gas plays an important role in the Nordic energy market and in the transition towards a carbon-neutral society. Our revenue got up 10% year on year in 2017."



Johanna Lamminen, CEO, Gasum Group

Johanna Lamminen, CEO, Gasum

Megatrends affecting the Company's operating environment

Gasum has identified the global megatrends affecting the company’s operating environment: climate change, technology development, accelerating urbanization, demographic shifts, and shift in global economic power. 

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Year 2017

Operation profit: 12.3%

Equity ratio: 41.6%

Return on equity: 13.7%


Year 2016

Operation profit: 14.8%

Equity ratio: 40.8%

Return on equity: 17.7%


17.10.2018

Gasum announced a major filling station network investment program in Q3 2018

Gasum Group Interim Report, January 1 to September 30, 2018

Key financial indicators 

• Revenue €827.4 million, up 22,5% (€675.7 million)
• Sales of Natural Gas business €613.2 million (€497.8 million)
• Sales of LNG business €176.8 million (€140.5 million)
• Sales of Biogas business €35.5 million (€35.4 million)
• Operating profit €93.0 million, up 20,0% (€77.5 million)

Gasum Group CEO Johanna Lamminen comments on the third quarter of 2018: 

”Our Group’s financial performance improved in line with our expectations during the period under review. Our revenue was up 22.5%  year on year at €827.4 million and our operating profit was €93.0 million.

The fight against climate change necessitates a transition from carbon- and oil-based alternatives to cleaner solutions, and this is rapidly accelerating the demand for gas. In the years ahead, we will be investing significantly in the development of the Nordic gas market and infrastructure. We are continuously strengthening our capacity to offer diverse, competitive and easy-to-access gas solutions to our customers in Finland, Sweden and Norway.

In transport in particular, the demand for cleaner gas solutions is growing considerably. Transport accounts for around a fifth of the EU’s greenhouse gas emissions total and, of this, a quarter is from delivery and heavy-duty vehicles. To respond to this growing demand, we have adopted offering clean alternatives for transport as one of our strategic focuses.

In September, we announced a major plan to expand the gas filling station network for heavy-duty vehicles by around 50 stations in Finland, Sweden and Norway. The new filling stations will be located at key transport nodes as regards road haulage flows, and they will enable significant increases in the use of liquefied natural gas and biogas in heavy-duty transport.

Another important step in the development of the Nordic gas market is the transaction closed in late August where we acquired the energy market services business of Enegia.

The acquisition enables us to serve our Nordic customers more extensively. At the same time, we are continuing preparations for the opening up of the Finnish gas market effective from the beginning of 2020.”

Please read Q3 2018 Interim report >

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

The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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10.10.2018

Gasum increases its shareholding in Skangas to 100% and consolidates its position as the leading Nordic LNG provider

Energy company Gasum has increased its shareholding in Skangas to 100%. The acquisition strengthens a key element of Gasum's strategy and will further enhance the development of the Nordic gas market and LNG distribution network. The increase in shareholding consolidates Gasum's position as the leading Nordic LNG provider and the gas market forerunner.

Nordic energy company Gasum has purchased the remaining shareholding in the Norwegian liquefied natural gas (LNG) provider Skangas from the Lyse Group. In 2014, Gasum became Skangas's majority shareholder with a 51% holding, and in 2017 the share grew to 70%.

"Completing the acquisition of Skangas gives us even better opportunities to build and develop the Nordic gas ecosystem and to respond to growing demand. We thank the Lyse Group for the good co-operation in developing the LNG market,” says Johanna Lamminen, CEO, Gasum. "The need for cleaner fuel solutions in industry and transport is increasing significantly, and LNG is the most competitive option for low-emission fuels. We want to be the frontrunner in taking the Nordic countries to a cleaner tomorrow.”

Gas plays a major role in reducing the carbon footprint in terms of the total use of energy in the Nordic countries. The demand for cleaner fuel solutions is increasing rapidly as new ways to reduce emissions and fight climate change are sought in all transport and industry sectors. LNG can be used in both maritime and heavy-duty road transport, as well as in industrial processes. Renewable liquefied biogas (LBG) can be used in the same applications.

For the last few years, Gasum has been determined to build the Nordic LNG infrastructure to improve the availability of gas for the needs of the industry, transport, and maritime sectors. In September, Gasum announced the company’s intention to expand the Nordic LNG filling station network to around 50 locations by the early 2020s. An extensive filling station network in Finland, Sweden and Norway enables significant increases in the use of liquefied natural gas and liquefied biogas in road haulage and distribution traffic.

The now announced acquisition is a step further in developing the Nordic LNG infrastructure. The acquisition ensures a strong foothold for Gasum in the growing market, and further enhances the industry’s leading know-how and utilization of the latest technology innovations.

For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum
Phone: +358 20 44 78 661, firstname.surname(a)gasum.fi

Olga Väisänen, Vice President, Communications, Gasum 
Phone: +358 40 554 0578, firstname.surname(a)gasum.fi

The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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07.09.2018

Heavy-duty road transport entering the age of gas: Nordic countries to get a network of 50 filling stations

Demand for cleaner fuel solutions is growing significantly in heavy-duty road transport, and responding to this demand will be even more strongly at the core of the energy company Gasum’s business in the future. Gasum is investing in the construction of around 50 gas filling stations for heavy-duty vehicles in Finland, Sweden and Norway by the beginning of the 2020s. The investment will multiply the size of the Nordic heavy-duty vehicle gas filling station network, enabling considerable emission cuts.

In the Nordic countries, heavy-duty road transport plays a key role in the logistics system while at the same time generating a significant proportion of road transport emissions. For the emission reduction targets set at the national and international levels to be reached, concrete solutions are needed to reduce heavy-duty road transport emissions considerably from the current levels. Among the low-emission fuels, the most competitive alternative for this purpose is liquefied natural gas (LNG).

Gasum’s strategy is based on achieving Nordic gas market growth. Use of gas as a heavy-duty road vehicle fuel is a strategic focus for Gasum. In the next few years, Gasum’s gas filling station network serving heavy-duty road transport will become several times larger than today. The coming investments will increase the number of these stations to around 50 in Finland, Sweden and Norway by the beginning of the 2020s. The new filling stations will be located at key transport nodes as regards road haulage, and they will enable significant increases in the use of liquefied natural gas and biogas in heavy-duty transport.

The switch of heavy-duty vehicles to liquefied natural gas or liquefied biogas (LBG) will result in significant cuts in carbon dioxide, nitrogen dioxide, particulate and noise emissions from transport.

”We’re on our way towards a carbon-neutral society and it’s now time to accelerate the pace. Gas plays an indisputably important role in this transition,” Gasum CEO Johanna Lamminen sums up. ”In recent years, we’ve been making purposeful efforts to build the Nordic LNG and biogas infrastructure to improve access to gas. In early 2018, the Swedish Environmental Protection Agency granted Gasum an investment subsidy for the expansion of our filling station network as part of the Climate Leap ('Klimatklivet') program. This is key proof of the enormous potential of the gas market and enables the establishment of the role of gas as a low-emission fuel for heavy-duty road transport.”

The demand for cleaner transport solutions is increasing rapidly as solutions are sought to combat climate change. Delivery and heavy-duty road vehicles are currently responsible for more than a quarter of road transport emissions in the EU. Together with new gas vehicle models, the expanding gas filling station network creates good conditions for road fuel gas market growth and emission cuts.

Release

 

For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum Ltd, Phone: +358 20 44 78 661 (Henna Walker, Executive Assistant)
firstname.surname(a)gasum.com

Olga Väisänen, Vice President, Communications, Gasum Ltd, Phone: + 358 40 554 0578, firstname.surname(a)gasum.com

The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and pro-motes circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The company has a gas filling stations network that serves also heavy-duty vehicles. The Gasum subsidiary Skangas is the leading liquefied natural gas (LNG) player in the Nordic market. The company continues to strengthen the position and infrastructure of LNG and supplies LNG to maritime transport, industry and heavy-duty vehicles in Finland, Sweden and Norway.

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