Gasum Group interim report Jan 1 to March 31, 2016 published

Net sales €297 million (2015 Q1: €323 million)
Operating profit €47.2 million (€22.7 million)
Natural gas sales equal to the corresponding period the year earlier 9 TWh
LNG deliveries 100 thousand tonnes (99 thousand tonnes)
Biogas sales 24.9 GWh (8.1 GWh), up 207% year-on-year Biogas business strengthened with the acquisitions of Biotehdas and Biovakka

GASUM CEO JOHANNA LAMMINEN COMMENTS ON THE FIRST QUARTER:

Gasum took big leaps in strategy implementation during the first quarter. In our biogas business, the Biotehdas as well as Biovakka acquisitions were completed. These acquisitions strengthen Gasum’s strategic objective to actively develop biogas production and the biogas market in Finland. The investments help us improve access to biogas, particularly in areas outside the gas pipeline network, increase waste treatment capacity and enable the development of regional gas solutions and even more comprehensive service provision for our customers.

In our LNG business we have closed the acquisition of the Risavika LNG production plant after the end of the reporting period. This acquisition strengthens Skangas’s presence in the downstream of the LNG value chain and secures its commercial position in the Norwegian market and the North Sea. The acquisition was part of our strategy to improve access to competitive LNG in the Nordic countries and at the same time enables us to increase LNG production in response to demand.

We are making major progress in the development of the biogas and natural gas filling station network and have launched the construction of Finland’s first LNG stations for road vehicles in Vuosaari, Helsinki, and in Turku.

Read Q1-interim report 2016 (pdf) >>

FOR FURTHER INFORMATION PLEASE CONTACT:

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