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Additional details

Lasse Aarnio
p. +358 50 453 6064

Key data for 2017

Revenue €925 million
(2016: 843)

Operating profit €114 million
(2016: 125)

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Key figures and financial reports


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


Financial Review 2017

Q4-Financial Statements Bulletin 1.1.–31.12.2017
Q3-Interim report 1.1.–30.9.2017

Q2–Interim report 1.1.–30.6.2017
Q1–Interim report 1.1.–31.3.2017

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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%


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

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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.

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For further information, contact:

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

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

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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Gasum has published its financial review, company story and corporate responsibility report for the accounting period January 1 to December 31, 2017

Gasum has published its financial review, company story and corporate responsibility report for the accounting period January 1 to December 31, 2017.

In 2017, Gasum continued to take determined steps towards a cleaner tomorrow. We expanded to Sweden's biogas market, continued to develop innovative circular economy solutions with our partners, and made investments into developing the Nordic LNG infrastructure and market together with our subsidiary Skangas. We began to prepare, together with our clients and stakeholders, for the opening up of the Finnish natural gas wholesale and retail markets, scheduled for the beginning of 2020.

The financial review contains our Board of Directors report, financial statements, auditor's report and corporate governance principles.

In our corporate responsibility report and in our company story, we share the story of Gasum, and detail how we are promoting sustainable development and building a New Gasum.

Download the reports:

More information:
Anna-Sofia Malmi, Communications Manager, Gasum
Phone +358 50 469 0114, firstname.surname(a)

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