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Kai Laitinen

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

Key data for 2020

Group income  €772.0 million
(2019: 988.7)

Group adjusted operating profit €33.8 million
(2019: 28.9)

 

CEO's Review 2020


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 report 2020

Gasum Green Funding framework

CICERO Second Opinion

 

Key figures and financial reports

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

2021

Financial Result Q2 2021
Financial Result Q1 2021

01.09.2021

CEO of Gasum to change

Johanna Lamminen will leave her position as the CEO of Gasum. The Board of Directors has appointed Kai Laitinen, Gasum's current CFO, as interim CEO effective September 1, 2021. The recruitment process for a new CEO will begin immediately.

"In recent years, Gasum has made the transition from a traditional natural gas transmission and distribution company to a Nordic gas and energy company aiming towards a cleaner tomorrow. The natural gas market in Finland opened for competition in 2020, and Gasum has played a significant role in preparing the market opening. Under Johanna's leadership, the company has made great achievements," says Elina Engman, Chairman of the Board.

"Johanna has taken Gasum forward with vision and determination. On behalf of the entire Board of Directors, I would like to warmly thank Johanna for her contribution to Gasum and wish her all the best for the future," adds Engman.

“Together with the entire staff, we have traveled an amazing journey. We have built a Nordic energy company that provides clean energy to industry, shipping, and transport, not to forget the biogas market and the circular economy. The company has a clear goal. The work is done, and now it is the right time for me to head towards new challenges,” says Johanna Lamminen.

Johanna Lamminen has held the position of CEO of Gasum since 2014.

For further information please contact:

Elina Engman, Chairman of the Board, Gasum
Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, olga.vaisanen@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.

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05.08.2021

Gasum Group Q2 2021 – Strong growth in all customer segments

Key financial indicators January 1 to June 30, 2021:

  • Group revenue totaled €519.1 million (1–6/2020: €302.3 million)
  • Group operating result was €-2.8 million (1–6/2020: €17.5 million)
  • Balance sheet total came to €1,475.3 million (30.6.2020: €1,259.3 million)
  • The Group’s equity ratio was 29.5% (30.6.2020: 39.9%)
 

Gasum Group CEO Johanna Lamminen comments on the first half of 2021:

”During the second quarter of the year, we progressed to plan with our growth strategy in all key segments: industry, maritime and road transport. The Group’s revenue for the first half of 2021 was €519.1 million and other operating income was €153.3 million. A clear growth in volumes in all our segments as well as the trend in the price of gas compared to a year earlier contributed to the increase (71.7%) in Group revenue. Demand for cleaner energy is growing in all customer segments. In industry, our biggest business segment, volumes delivered to our customers were up 25% during the first half of 2021 compared to a year earlier.

During the period under review, demand for renewable wind power energy showed positive growth in industry. We entered into long-term wind power agreements with Kerava Energy and the K Group. Partnerships promote our strategy to deliver cleaner energy to industry. We are working actively with our customers for the goals of sustainable development.

In maritime transport, demand for cleaner fuel solutions continued to increase during the period under review and volumes delivered to customers were up 75% compared to a year earlier. We delivered two test consignments of liquefied biogas to the Finnish Border Guard for their offshore patrol vessel Turva and promoted their aim to transition to lowemission logistics.

Our business segments continued to show strong growth in the Nordics. During the period under review, volumes sold in our transport segment were up by more than140% compared to a year earlier. On the road transport side, we continued expanding our network of gas filling stations and opened our first new filling station in Norway and two more stations in Finland.

We also developed our customer portal for business customers and enable international actors to fill up at our stations. This supports our goal to connect the Nordic and Central European transport gas markets. The second quarter of the year saw a very sharp rise in gas prices. The rise in prices and
strong market reaction was unexpected and we significantly reduced our risks and booked a non-recurring loss, which hit the company’s operating profit.

We are aiming for a cumulative reduction of a million tonnes in carbon dioxide emissions to mitigate climate change by increasing the availability of biogas. By 2025, we will bring 4 TWh of biogas to market from our own production and that of our certified European partners. We furthered our sustainability goals by planning the construction of new plants in southern Sweden. These biogas plants would increase biogas production in the Skåne region by 50%.”

Read more about Gasum Group Financial Result Q2 2021 >

For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum
(Heidi Westerberg, Executive Assistant
Phone: +358 40 580 0951, heidi.westerberg@gasum.com)


Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, olga.vaisanen@gasum.com

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15.06.2021

Gasum Gas Fund gives out 6 grants for research and development in the gas sector

Gasum supports research and development in the gas sector through the Gasum Gas Fund. Research, technology and innovations play key roles in the journey towards a clean and sustainable Nordic gas ecosystem. Grants for 2021 were given out from the Gasum Gas Fund to six researchers in Helsinki.

The Gasum Gas Fund supports full-time research relating to education, research and development aiming to promote the gas ecosystem. Gasum Gas Fund is one of the special funds run and administered by the Finnish Foundation for Technology Promotion (TES). Grants have been given out from the fund for researchers developing future solutions concerning, for example, the bioeconomy and circular economy, transport and logistics or energy solutions promoting the use of gas. For the application period and call for applications will be open at the beginning of  2022.

Grants for 2021 were given out from the Gasum Gas Fund to six researchers in Helsinki this year.

The objective of the Gas Fund is to support full-time research with full daily allowances. In addition, the Gas Fund seeks to provide long-term funding for research carried out by students. The Gasum Gas Fund is one of the special funds run and administered by the Finnish Foundation for Technology Promotion (TES).

Received by six persons this year, the grants from the Gasum Gas Fund in 2021 totaled €63,000 (2020: 75 000)

  • Miriam Kellock: Analysis of the rate limiting steps in enzymatic hydrolysis of lignocellulose: the effect of lignin and enzyme structure, 12 000 €
  • Miika Marttila: Kasvihuonelämmitysmenetelmien ilmastonlämpenemispotentiaali boreaalisella ilmastovyöhykkeellä Väitöskirjassa: Agroekologisten ja teollisten symbioosien ympäristövaikutukset maaseutuliiketoiminnassa, Lappeenrannan-Lahden teknillinen yliopisto LUT, 5 000 €
  • Sami Lieskoski: The use of energy storage to integrate renewable energy in the transition to carbon-neutrality, Åbo Akademi, 12 000 €
  • Marjaana Hassani: Pientareet ja joutomaat energianlähteinä, Jyväskylän yliopisto, 24 000 €
  • Hassaan Ahmad Warraich: Master's thesis: "Studies on carbon dioxide hydrogenation to methanol using in-situ diffuse reflectance infrared Fourier transform spectroscopy and mass spectrometry", Aalto yliopisto, 5 000 €
  • Danielle Bansfield: Exploiting the unexploited: improved recycling of nutrients in the reject water from biogas production into value-added products, Aalto yliopisto, 5 000 €

For more information, please contact:
 

Viljami Kinnunen, Senior Development Engineer Gasum
phone. +358 50 3310 308, viljami.kinnunen@gasum.com

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"Regardless of the uncertainties caused by the COVID-19 pandemic, Gasum continued to develop the Nordic gas market as planned and was able to ensure business continuity and progress in projects in 2020.


Johanna Lamminen, CEO, Gasum Group

Johanna Lamminen, CEO, Gasum
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Gasum Group published Q4 Financial Review 1.1.–31.12.2020

Development of the Norcis gas market continued