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03.03.2015  

Gasum Group Financial Statements Bulletin 1.1.–31.12.2014

Jaa:

KEY DATA FOR 2014

  • Revenue €1,079 million (2013: €1,150 million)

  • Natural gas sales 29 TWh (2013: 33 TWh)

  • Operating profit €5.1 million (2013: €41 million)

YEAR OF CHANGES IN THE GAS MARKET

GASUM CEO JOHANNA LAMMINEN COMMENTS ON 2014:

"The year 2014 was a year of changes in the gas market. The volumes of natural energy gas consumption decreased further from the levels in 2013. Despite a decrease in Group revenue from the year before, we developed our operations and kicked off a significant number of development projects in 2014.

The Skangass acquisition heightened the role played by our LNG business, and our biogas business received several new customers. We also completed our internal development project in the field of technology and maintenance. Our new strategy – Promoting sustainability through the Nordic gas ecosystem – already got off to a good start in late 2014.

As regards our profits, we wrote off a total of €10 million in acquisitions under assets under construction on our balance sheet. Our profit was also affected by changes in the fair value of commodity derivatives, €13 million net, to which we do not apply hedge accounting.

Major items on the to-do list for early 2015 are restoring the price competitiveness of gas and presenting the new tax model proposed by Gasum to decision-makers."

Read Gasum Group Financial statements bulletin (pdf)>>

GASUM GROUP
Group Communications

FOR FURTHER INFORMATION PLEASE CONTACT:


Johanna Lamminen, Chief Executive Officer
 Phone: +358 20 44 78602, firstname.surname(a)gasum.fi