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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)

More information


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

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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. 

Read more

 


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%


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.

Planned Gasum's gas filling station network for heavy-duty vehicles 

Read more about up coming gas filling stations

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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31.08.2018

Gasum acquires Enegia’s energy market services

The leading gas sector player in the Nordic countries, Gasum is acquiring the energy market services business of the energy industry expert company Enegia. Enegia Consulting Oy, Enegia Portfolio Services Oy and IntStream Oy will become part of Gasum. The transaction was closed by Gasum Ltd and Enegia Group Oy on August 31, 2018.

The acquisition will strengthen Gasum’s Nordic strategy by enabling service expansion in the energy wholesale market and creating a platform for expanded product offering to its customers. In the transaction, Gasum acquired the Enegia energy market services business, around 35 energy-sector professionals and an extensive customer base. Following the transaction, Gasum intends to expand service provision to the natural gas market and throughout the company’s operating area in the Nordic countries and will continue to offer its customers a diverse range of services.

”The acquisition of the energy market services of the energy industry expert company Enegia is strategically important to our company. It’s great to start the integration of our companies and lead the way in the energy sector. The acquisition strengthens our strategy by enabling us to offer more comprehensive services to our current customers. The acquisition also provides us with a platform for the development of our product selection in the future by expanding our services geographically as well as by launching new services in the gas market,” says Gasum CEO Johanna Lamminen
 

For further information please contact:                           

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

Jouni Haikarainen, Senior Vice President, Natural Gas, Gasum Ltd
Phone: +358 40 709 5690, 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. Gasum imports natural gas to Finland and promotes the 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 station network that also serves 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. www.gasum.com

Enegia is one of the leading Nordic independent energy expert organizations for the energy industry. Over half of the 100 largest Finnish companies use Enegia’s services, and Enegia Group’s net sales in 2017 were €119.7 million. Enegia’s electricity trade volume is 15 TWh, corresponding to approximately one quarter of Finland’s electricity use. Enegia’s EnerKey is the leading energy data and energy process management system in the Nordic countries. The system is used by approximately 300 organizations to manage energy consumption information from 75,000 meters in 15,000 properties. www.enegia.com

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17.07.2018

Gasum Group Interim report for January 1 to June 30, 2018 published

Gasum signed a strategically important transaction and continues to take determined steps to advance its strategy.

Key financial indicators January 1–June 30, 2018:

  • Revenue €597.5 million, up 18% year on year (H1/2017: €506.0 million)
  • Sales of Natural Gas business €455.7 million (€382.5 million)
  • Sales of LNG business €116.8 million (€98.5 million)
  • Sales of Biogas business €24.0 million (€24.1 million)
  • Operating profit €76.3 million (€65.9 million)

Gasum Group CEO Johanna Lamminen comments on the first half of 2018:

“Our Group’s financial performance further improved in line with our expectations during H1. Our revenue was up 18% year on year at €597.5 million and our operating profit was €76.3 million for the period under review.

We signed a strategically important transaction to acquire the energy market services business of the energy industry expert company Enegia. This acquisition will strengthen our Nordic strategy by enabling service expansion in the energy wholesale market and will enable us to offer more comprehensive services to our current customers. The energy sector and gas market are changing rapidly and we want to lead the way in the energy sector. The transaction will also provide a platform for us to develop our product selection in the future by expanding our services geographically as well as by launching new services also in the gas market. The transaction is expected to complete in August 2018. We are continuing preparations for the opening up of the Finnish gas market from the beginning of 2020.

Gas-powered mobility showed further growth during the report period. Since the start of the year, almost 1,400 more gas-fueled vehicles have been registered in Finland. The Finnish government has set a goal of a minimum of 50,000 gas-fueled vehicles in 2030 and at the current growth rate this can be achieved. We are responding to this continued growth in gas-fueled motoring by strengthening our gas filling station network with the opening of new stations in Salo, Vantaa and Oulu.

The future emission reduction targets for heavy-duty vehicles set by the European Commission in May 2018 can be achieved by using liquefied natural gas (LNG) and liquefied biogas (LBG). We will particularly address expansion of the heavy-duty filling station network in the Nordic countries.

Liquefied biogas offers an alternative also for industrial operators and maritime shipping to achieve their emissions targets. We delivered LBG for industrial use to Uddeholm, a Swedish manufacturer of tool steels, and for maritime transport use to fuel M/T Fure Vinga, which is owned by leading Swedish shipping company Furetank. We produced the LBG at our biogas facility in Lidköping, Sweden. LBG can be used directly in the same applications and processes as LNG. The role of gas as a low-emission fuel will increase and gas will further strengthen its position as a key source of energy during the coming decades.

Please read Gasum Group Interim report Q2 2018 >

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.

Read more