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15.10.2015  

GASUM GROUP INTERIM REPORT FOR JANUARY 1 TO SEPTEMBER 30, 2015

Jaa:
  • Revenue for the period under review totaled €702 million (Q3 2014: €769 million).

  •  Natural gas sales totaled 19 TWh, down 8% on the corresponding period a year earlier.

  • LNG deliveries totaled 282 thousand tonnes, up 49% year-on-year.

  •  Biogas sales amounted to 27 GWh, up 238% year-on-year.

  •  Gasum gave up the local network business during the period under review.

  •  Operating profit for the period was €127 million (Q3 2014: €29 million).

 

GASUM CEO JOHANNA LAMMINEN COMMENTS ON THE THIRD QUARTER OF THE YEAR:

“The implementation of our strategy has progressed in line with our targets. In the LNG business, progress in LNG terminal construction in Pori and Tornio, Finland, is being made on schedule, and the first LNG deliveries to customers from the Pori terminal will already take place in 2016.

We are also moving ahead at a great pace in our biogas business. Biogas has received a positive welcome in the market. We have entered into circular economy cooperation where biogas produced from biowaste collected from retail outlets is utilized as energy in the manufacturing of new Kesko own-brand Pirkka products, with our partners in this including Kesko grocery trade, Myllyn Paras and Wursti. We will continue to increase our biogas capacity and are constructing an upgraded biogas production facility in cooperation with Biotehdas at the Ekokem Circular Economy Village in Riihimäki, Finland. We will also continue the development of the biogas and natural gas filling station network.

On the basis of our studies, the Finngulf and Balticconnector projects are not commercially viable for our company and there is not sufficient demand for them in the Finnish market. The Finnish gas market and its future outlook have changed substantially since 2008 when plans for the projects were initiated. This is why we decided to give up the implementation of the Finngulf and Balticconnector projects.”

Read Q3 Interim Report 2015 >>

GASUM GROUP
Group Communications

FOR FURTHER  INFORMATION PLEASE CONTACT:

Johanna Lamminen Chief Executive Officer
Phone: 020 44 78602 firstname.surname(a)gasum.fi