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17.10.2016  

Gasum Group Interim report for January 1 to September 30, 2016

Jaa:

GASUM GROUP INTERIM REPORT FOR JANUARY 1 TO SEPTEMBER 30,2016

• Revenue €589 million (Q3 2015: €702 million)
• Operating profit €86 million (Q3 2015: €127 million)
• Natural gas business sales 17.0 TWh (19.6 TWh)
• LNG business sales 3.9 TWh (4.2 TWh)
• Biogas business sales 147 GWh (129 GWh)

GASUM CEO JOHANNA LAMMINEN COMMENTS ON THE THIRD QUARTER:

"Gasum has taken strategic steps forward as planned during the period under review. Finland’s first liquefied natural gas (LNG) terminal was opened in Pori and deliveries to customers began in September. The terminal enables LNG deliveries also to industrial, maritime and heavy-duty road transport customers outside the gas pipeline network and diversifies the Finnish energy market.

We also entered into partnership with Wärtsilä. Our Joint Co-operation Agreement aims to develop the utilization and distribution of natural energy gases in marine and land markets as well as to increase and ease the availability of natural energy gases for marine use as well as to develop the supply chain and infrastructure.

In the biogas business Gasum made an investment decision to double the capacity of the Oulu biogas plant. The expansion project is part of the company’s strategic objective to achieve growth in the renewable biogas market."

Read more about Q3 Interm report pdf >>

FOR FURTHER INFORMATION PLEASE CONTACT:

Johanna Lamminen Chief Executive Officer, Gasum
Phone: +358 20 44 78 661 (Henna Walker, Executive Assistant) firstname.surname(a)gasum.fi