Content image

Additional details

Lasse Aarnio
CFO
p. +358 50 453 6064
lasse.aarnio@gasum.com

Key data for 2018

Revenue €1,177 million
(2017: 925)

Operating profit €124 million
(2017: 114)

More information


Key figures and financial reports

Share:

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

2019

Financial result Q1 2019

Content image

Gasum Group published Financial Statements Bulletin 1.1.–31.12.2018

In 2018 we expanded our gas market in line with our strategy on land and at sea. Gas use increased and there's positive outlook for gas market in the Nordics. Our Group’s financial performance developed as expected.

"Gasum had a successful year in 2018 because of determined strategy implementation, operational efficiency and also improved safety. Our revenue increased up 27% year on year in 2018."


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 2018

Operation profit: 10.5%

Equity ratio: 43.7%

Return on equity: 13.3%


Year 2017

Operation profit: 12.3%

Equity ratio: 41.6%

Return on equity: 13.7%


17.05.2019

Gasum to strengthen the availability of renewable biogas through acquisition of the Mäkikylä biogas plant in Kouvola, Finland

As the largest biogas producer in the Nordics, Gasum aims to strengthen the availability of biogas in the Nordics. Under the transaction completed on May 17, Gasum has acquired the Mäkikylä biogas plant from water company Kouvolan Vesi Oy. The transaction will allow investments to significantly grow production capacity at the plant. Biogas production must increase in order to meet the ambitious traffic emissions reduction targets looking ahead.

Under the agreement signed between Gasum and Kouvolan Vesi, the Mäkikylä biogas plant and its business, including contracts, will transfer to Gasum on June 17, 2019. The plant comprises the biogas plant building and process equipment located in conjunction with Mäkikylä wastewater treatment plant.

“The transaction now completed ends a process lasting several years during which we have sought an economically and functionally sustainable solution to our biogas plant operations, which are not part of our core business,” sums up CEO Timo Kyntäjä at Kouvalan Vesi.”

The Mäkikylä biogas plant has been underperforming largely because of its small processing capacity. The plant has processed around 20,000 tonnes of biomass a year, which is the amount allowed by its permit. Gasum plans to invest in developing the plant.

“As a company we are committed to growing the supply of biogas as a renewable traffic fuel and as an enabler to achieving traffic emissions reduction targets. This requires increased production of biogas. The transaction will allow us to invest in the expansion of the Mäkikylä plant with the aim of increasing biogas production at the plant. We will also modernize the processes at the plant to bring them into line with today’s requirements,” says Ari Suomilammi, Director, Circular Economy Finland, Gasum.

Gasum currently owns 12 biogas plants in Finland and Sweden, and buys biogas from three partner plants, of which the Mäkikylä plant is one. Gasum has invested in the construction of a biogas plant in Lohja (Finland) and in Nymölla (Sweden) and in the expansion of the Turku biogas plant. The company’s current biogas capacity is around 650 GWh a year.

Completed in 2011, the Mäkikylä bioplant was built by Kymen Bioenergia Oy, whose main owner was KSS Energia Oy. The City of Kouvola transferred the bioplant and its processing plant to the Waterworks in 2014–2015.

 

For more information please contact:

Ari Suomilammi, Director, Circular Economy Finland, Gasum
Phone: +358 400 653 351, firstname.surname(a)gasum.com
www.gasum.com

The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

Read more
14.05.2019

Gasum Gas Fund gives out 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. A forerunner in the gas and energy sector, Gasum invests in the development of new technologies, concepts and energy systems. Grants for 2019 were given out from the Gasum Gas Fund to eight researchers in Helsinki on May 13, 2019.

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.

“Gasum promotes development towards a carbon-neutral future together with its partners. Increasing the biogas market and biogas production capacity and promoting the circular economy is a key element of the Gasum strategy. It was an honor for us to provide several promising gas-sector researchers with grants this year, too,” says Gasum CEO Johanna Lamminen.

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 eight persons this year, the grants from the Gasum Gas Fund in 2019 totaled €62,200:

Danielle Bansfield, MSc (Aalto University), Exploiting the unexploited: improved recycling of nutrients in the reject water from biogas production into value-added products (€5,000)

Aida Hosseinian, MSc (University of Oulu), Phosphorus recovery in the context of circular economy (€5,000)

Kari Koppelmäki, MSc (University of Helsinki), Biokaasuntuotannon integrointi ravinteiden kierrätykseen paikallisessa ruokajärjestelmässä [Integrating biogas production into nutrient cycling in the local food system (€16,200)

Veera Koskue, MSc (Tampere University of Technology), Ravinteiden talteenotto jätevesistä bioelektrokemiallisilla menetelmillä [Nutrient recovery from wastewater using bioelectrochemical methods (€5,000)

Shah Rukh Shakeel, MSc (University of Vaasa), Commercialization of renewable energy technologies in Finland (€5,000)

Natalia Saukkonen, MSc (Tampere University of Technology), Interplay of profitability targets and environmental values in investment decision-making – case studies from biogas sector (€2,000)

Axumavit Tesfamariam (University of Oulu), The effect of selected coagulant on downstream biological wastewater treatment units and on biological sludge stabilization processes (€2,000)

Ville Turunen (Aalto University), Sewage sludge as a potential sustainable nutrient source (€22,000)

 

More information:

Inkeri Kauppi, development engineer, Gasum
Tel. +358 40 486 8288, forname.lastname(a)gasum.com

The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

Read more
07.05.2019

Johan Grön appointed Gasum’s Vice President, Biogas, and member of Gasum Management Team

Gasum has appointed Johan Grön (D.Sc, ChemEng) to head its Biogas business and as member of the Gasum Management Team. He will start in his new role on July 1, 2019.

Johan Grön (1966) joins the Gasum Management Team from Outotec Corporation where he has had several business line responsibilities as Senior Vice President since 2013. For the last two years, he was responsible for Outotec’s Energy & Environment business line.

“I am delighted to welcome Johan Grön to Gasum and to lead our rapidly growing Biogas business. Johan has a strong track record in serving global energy, processing and manufacturing industry in several executive management positions. Developing the biogas market and the transport use of biogas as well as increasing the biogas production capacity are essential elements of the Gasum strategy. By increasing the use of biogas in transport, we support the emission reduction targets for transport and strengthen the availability of biogas,” says Johanna Lamminen, Chief Executive Officer at Gasum.

Before joining Outotec, Grön served as Chief Technology Officer and management team member of Xylem Corporation in New York and Kemira Oyj. He has also held senior management positions at companies including Stora Enso Oyj and Valmet Oyj.


For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum
Phone: +358 20 44 78 661 (Henna Walker, Executive Assistant), henna.walker(a)gasum.com

Olga Väisänen, Vice President, Communications, Gasum
Phone: + 358 40 554 0578, olga.vaisanen(a)gasum.com

The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

Read more