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Kai Laitinen

CFO, Gasum
Tel. +358 40 500 2080
kai.laitinen@gasum.com

Key data for 2019

Revenue €1,128 million
(2018: 1,177)

Operating profit €141 million
(2018: 124)

 


Gasum Green Funding Framework

Gasum Green Funding Framework is part of the company’s financing strategy and is used by the company to show the positive environmental and climate impacts of its business.

CICERO Shades of Green has evaluated and given Gasum’s Green Funding Framework the grade of dark green, which is allocated to the most climate friendly projects or business solutions that promote the long-term vision of the transition to a low-carbon society.

Gasum Green Funding framework

CICERO Second Opinion

Key figures and financial reports

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Please read more about Gasum Group's key figures and annual financial reports.

2020

Financial result Q2 2020
Financial result Q1 2020

21.08.2020

IntStream Oy to merge with Gasum Ltd on September 1, 2020

IntStream Oy will merge with Gasum Ltd on September 1, 2020. IntStream Oy is a fully owned subsidiary of Gasum Ltd, and the purpose of the merger is to simplify the corporate structure of the Gasum Group.

The agreements of the merging company will be transferred automatically to Gasum Ltd in conjunction with the merger, and the change of contractual party will not require any measures by customers.

Invoice bank account number to change

Please note when paying your invoices that the invoicing company and the bank account number on the invoices will change as from September 1, 2020.

For more information please contact:

Customer Service on +358 800 122 722 (8:00–17:00 on business days)
asiakaspalvelu@gasum.fi

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29.07.2020

Gasum Group Q2 2020 – Further growth in use of gas maritime transport

Key financial indicators January 1 to June 30 2020*

  • Group operating profit totaled €17.5 million, down 21% year on year (June 30, 2019: €22.1 million) 
  • Operating profit margin in H1 in the reporting period was 5.8%, up 1.6 percentage points compared with the reference year’s continuing operations (June 30, 2019: 4.2%)
  • Balance sheet total came to €1,259.3 million (June 30, 2019: €1,109.7 million) 
  • The Group’s solvency remained strong in the reporting period, with the equity ratio being 39.9% (June 30, 2019: 43.5%)

* Including comparable figures for continuing operations.

Gasum Group CEO Johanna Lamminen comments on the first half of 2020:

”The first half of the year saw us purposefully continue taking our strategy forward despite the uncertainties brought about by the COVID-19 pandemic. We have continued implementing our projects as planned and so far the pandemic has had only minor impacts on our business. We have safeguarded the continuity of our business by ensuring the health and safety of our employees and have done everything we can to secure the energy supply, gas sourcing and distribution as well as safe and secure logistics in our recycling and waste services. I would like to thank our employees, customers and partners for well-functioning cooperation in what is a challenging operating environment.Our financial performance during H1 was in line with our expectations.

Our revenue during the reporting period was €302 million, which was clearly lower compared to a year earlier. Revenue was primarily affected by the price development of gas in Europe. Group profitability remained in line with the level forecast despite changes in the operating environment. 

During Q2, we closed our acquisition of Linde AG’s LNG and Biogas business and Nauticor’s Marine Bunkering business. The acquisition has helped us to further strengthen our capacity to offer gas solutions, particularly in maritime and heavy-duty transport, in the Nordic countries. In conjunction with the transactions, we also considerably expanded our gas filling station network and are able to ensure our customers have access to a competitive
and low-emission energy.

Demand for cleaner energy solutions is currently growing particularly in maritime transport, where total gas sales volumes are forecast to show further growth. During Q2, we completed several LNG bunkering operations in maritime transport in the Nordic countries and also in Germany. We completed bunkering for the first time for Heerema’s Sleipnir, the world’s largest semi-submersible crane vessel, and for the product tanker Ramelia. We also concluded a delivery partnership agreement with the Samskip shipping company and opened the first shipping fuel station in the Ports of Stockholm.

Biogas is increasingly attracting interest among forerunners in maritime transport and we delivered liquefied biogas (LBG) for the first time to ESL Shipping’s vessel Viikki. During Q2, we promoted the regional circular economy in our biogas business in Northern Finland by concluding a contract with municipal waste management company Napapiirin Residuum. In future, biowaste from residents in Rovaniemi, Ranua and Pello will be turned into renewable biogas and recycled nutrients at our biogas plant in Oulu. We also made a decision to invest in building a new biogas plant in Götene, Sweden.

We signed a portfolio management agreement with Keravan Energia. Cooperation ensures the predictability of managing electricity price risks in respect of electricity sales portfolios.”

Read more about Gasum Group Q2 2020 Financial report >

For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum

Olga Väisänen, Vice President, Communications, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com

 

GASUM IN BRIEF

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint and that of their customers. Together with its partners, Gasum promotes development towards a carbonneutral future on land and at sea.

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08.06.2020

Anders Malm appointed Gasum’s Senior Vice President, Portfolio Management and Trading, and member of Gasum Management Team

Gasum has appointed Anders Malm to head its Portfolio Management and Trading business and as member of the Gasum Management Team. He will start in his new role on June 16, 2020.

Anders Malm (1972) joins the Gasum Management Team from Emercor Consulting, where he has been CEO since 2018.  

We warmly welcome Anders Malm to Gasum and to lead our Portfolio Management and Trading business. His solid track record in energy markets supports the implementation of our growth strategy and our journey towards a cleaner tomorrow. The broad experience that Anders has in trading, logistics and business development will be an excellent complement to our team at Gasum,” says Johanna Lamminen, Chief Executive Officer at Gasum.

Before joining Emercor Consulting, Malm served as Executive Vice President for Supply & Trading at Preem AB (publ) and a member of Preem Management Team Sweden in 2015-­2018. He has held several senior management positions at Preem AB (publ) since 2004 and has over 25 years’ experience in the downstream oil & gas industry.


For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum
(Henna Walker, Executive Assistant, henna.walker@gasum.com)

Olga Väisänen, Vice President, Communications, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea. The Gasum Group has around 350 employees in Finland, Norway and Sweden. The company’s revenue totaled €1,128 million in 2019. Gasum is owned by the State of Finland. www.gasum.com  

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“The 2019 was a year of huge leaps of change for Gasum, too. We are involved in the transformation of the entire society towards a carbonneutral future by enabling emission reductions for our customers in road and maritime transport and industry by offering cleaner energy and diverse services.”


Johanna Lamminen, CEO, Gasum Group

Johanna Lamminen, CEO, Gasum
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Gasum Group published Q4 Financial Review 1.1.–31.12.2019

In 2019, we took purposeful steps to advance our strategy and developed the Nordic gas market, enabling an even broader offering of low-emission energy solutions in response to growing demand among industrial as well as road and maritime transport customers.

Year 2019

Operation profit: 13.9%

Equity ratio: 44.7%

Return on equity: 13.6%


Year 2018

Operation profit: 10.5%

Equity ratio: 43.7%

Return on equity: 13.3%