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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

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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%


26.04.2018

Gasum Group Interim Report Q1 2018: Results improved in all business functions

Key figures and events for January 1 to March 31, 2018

• Revenue €390.5 million, up 23.4% year on year (2017: €316.4 million)

• Sales of Natural gas business €322.4 million (2017: €249.5 million)

• Sales of LNG business €55.5 million (2017: €54.9 million)

• Sales of Biogas business €12.3 million (€12.0 million)

• Operating profit €72.8 million (2017: €55.8 million)

 

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

”Our Group’s financial performance improved in line with our expectations during Q1. Our revenue increased by 23.4%, enabled by growth in every one of our business areas of Natural gas, LNG and Biogas. In accordance with our strategy, we promoted cleaner transport on land and at sea.

The consumption of natural gas did, however, increase by 13%, mainly due to the cold spell experienced in February. Natural gas is a logistically flexible form of energy the use of which is easy and quick to control. Natural gas enables significant emission cuts compared with coal and oil and acts as a bridge to a low-carbon future while the alternative energy market is still developing to its full potential. This makes us well-equipped to continue preparations for the opening up of the Finnish gas market from the beginning of 2020.

Gas-powered mobility continued its growth in land and maritime transport in particular. Demand for liquefied natural gas (LNG) has increased in Nordic shipping. Our LNG business performed bunkering operations at an accelerating pace. LNG is the cleanest available fuel for maritime transport. It is rapidly becoming a more and more commonly used costeffective option suitable for all types of vessel. Switching to LNG fully eliminates sulfur and particulate emissions and cuts nitrogen oxide emissions by up to 85%. LNG use also reduces carbon dioxide emissions by at least 20%. Using LNG as a marine fuel also makes vessels compliant with the coming emission regulations of the International Maritime Organization (IMO) and the EU. The completion of our Northern joint project, the Manga LNG terminal, is getting very close, and we are preparing for the launch of the terminal’s commercial use.

We also strengthened our gas filling station network by opening a station for gas-fueled cars in conjunction with the IKEA store in Espoo, Finland. The new filling station was an important new move and part of the circular economy collaboration between Gasum and IKEA Finland where biogas is produced from food waste of Finland’s IKEA restaurants. In this context, gas filling stations are also constructed at IKEA stores, enabling the use of biogas in IKEA Finland’s own operations as well as for its transport partners and consumers. We also launched the expansion of the heavy-duty vehicle filling station network into the Nordics in Sweden and Norway.”

Gasum Group Interim Report Q1 2018 (Pdf)

 

For further information please contact:
Johanna Lamminen, CEO, Gasum 
p. +358 20 44 78 661
(Henna Walker, Executive Assistant)
forname.lastname(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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04.04.2018

Gasum to enter into enhanced relationship with Tax Office for Major Corporations in Finland

Gasum will enter into an enhanced customer relationship with the Tax Office for Major Corporations. This supports the company’s tax strategy and intent to be a responsible taxpayer.

The enhanced relationship is an anticipatory and transparent operating model for attendance to tax matters of major tax customers.

According to Gasum’s tax strategy, the company’s operations are managed on the basis of commercial principles with a view to business profitability. Gasum complies with legislation and regulations in tax payment, collection, remitting and reporting.

”It’s important for us to participate continuously in the development of tax legislation and policies, and we want to be involved in the development of a fair, clear and consistent tax system,” says Gasum CEO Johanna Lamminen.

The enhanced relationship with the tax authority is a model recommended by the OECD for the supervision of major tax customers where major customers are offered new services and supervision models. In the cooperation, the parties share a common interest to take care of taxation in real time and time-efficiently and conduct continuous and up-to-date dialogue to solve tax issues in real time. The enhanced relationship is an anticipatory and transparent operating model based on confidence and mutual understanding between the Tax Administration and the taxpayer. Gasum will enter into the enhanced relationship during spring 2018.

 

For more information please contact:

Lasse Aarnio, Chief Financial Officer, Gasum
Phone: +358 50 453 6064
Email: Lasse.Aarnio@gasum.com
www.gasum.com 

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28.03.2018

Demand for LNG on the rise in Nordics Marine Market

Gasum subsidiary Skangas has completed 1,000 liquid natural gas (LNG) bunkering operations in 2017, representing more than 60% increase over previous years. Demand for LNG on the rise in Nordics Marine Market.

According to Skangas, the driving force behind this rise rests in supply to new vessels both in regular routes and in tramp/spot market. The market has been waiting for the LNG bunkering vessels, which is the practice of delivering LNG to ships to use as fuel for their own consumption.

Quest for clean fuel triggers demand 

“As more and more operators convert their ships to clean fuel with LNG and dual-fuelled engines to power them, demand has risen significantly,” said Gunnar Helmen, Sales Manager - Marine for Skangas. “This is particularly true in European waters where, until recently, most of the traffic consisted of ferries and RoPax cruise ferries routinely traveling set routes. Today, the supply pattern is more diverse due to the use of a greater variety of vessels, that require different types of bunkering solutions. And we are responding directly by offering a number of solutions for this market.”

LNG is the cleanest available marine fuel; one that is rapidly becoming more commonly used as a cost-effective alternative. LNG is suitable for all vessel types, including ferries, passenger ships, tankers, bulk, supply and containerships. LNG offers several benefits by reducing local and global pollution. Switching to LNG completely removes SOx and particulates, and reduces NOx emissions by up to 85%. In addition, LNG reduces CO2 emissions by at least 20%. Use of LNG as marine fuel result in compliance with current and forthcoming IMO and EU regulations.

Custom bunker vessel Coralius ushers in ship-to-ship bunkering Anticipating the marine market’s desire to convert to cleaner fuels, Skangas has made a concerted effort to make LNG more accessible. In addition to expanding infrastructure and improving bunkering techniques, the company put its new customized bunker-feeder vessel Coralius into operation in 2017, ushering in a new era of efficiency in LNG bunkering.

The Coralius, which delivers LNG through ship-to-ship bunkering at sea, has improved the company’s ability to be more flexible and responsive to vessels that require LNG without visiting a terminal or port. Ship-to-ship bunkering is just one of the ways that Skangas supplies LNG. Vessels also easily access LNG directly from the Skangas network of terminals, its production facility near Stavanger, and via truck-to-ship bunkering at seaports throughout the Nordics.

Read more from Skangas news

For further information, contact:

Gunnar Helmen, Sales Manager Marine, Skangas, Tananger, Norway
M: +47 475 09 048 
Gunnar.Helmen@skangas.com

Trude Ravndal, Marketing Communication Manager, Skangas, Tananger, Norway
M: +47 913 01 013
Trude.Ravndal@skangas.com

Gasum subsidary Skangas operates a complete value chain in liquefied natural gas (LNG) to serve the Nordic markets: Skangas offers LNG for use as fuel in shipping and heavy-duty road transport, and in industrial processes outside the gas network.

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