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Revenue €316.4 million (Q1 2016: €296.9 million)
Operating profit €55.8 million (€47.2 million)
Sales of Natural Gas business 8.0 TWh (8.9 TWh)
Sales of Biogas business 156 GWh (82 GWh), up 90% on the corresponding period a year earlier
Sales of LNG business 1.6 TWh (1.5 TWh)
The Biogas business was strengthened with the acquisition of Swedish Biogas International.
"Gasum continued purposeful strategy implementation and the development of the Nordic gas ecosystem during the first quarter of the year.
In our Biogas business, we closed the acquisition of Swedish Biogas International in Sweden. This reinforces our strategic objective of expanding the gas market in the Nordic countries.
In the Natural Gas business we completed the sale of the heat business and local distribution network. Exiting the heat business and local distribution network gas sales will clarify Gasum's position in the gas market after the coming Natural Gas Market Act reform.
In the LNG business we entered into new liquefied natural gas (LNG) supply agreements with industrial customers in the Nordic countries, and the AS Tallink Grupp’s new LNG-fueled fast ferry Megastar was bunkered for the first time from our Pori terminal. The ferry started operating on the Helsinki-Tallinn route in January."
For further information please contact:
Johanna Lamminen, Chief Executive Officer, Gasum
Phone: +358 20 44 78 661
(for queries please contact Henna Walker, Executive Assistant)