Final result and annual report for 2018
E-CO Energi profited from high power prices in 2018, efficient operations and a high degree of availability on the power plants. This resulted in a record-high net profit for the year of NOK 1 223 million. On 20 June 2018, the Oslo City Council voted to combine the ownership of E-CO Energi Holding AS and Hafslund AS under a joint board and administration, thus forming Norway’s largest integrated energy group, Hafslund E-CO. Following this, E-CO Energi Holding AS is a wholly-owned subsidiary of Hafslund E-CO AS.
Key figures |
2018 | 2017 | 2016 |
| Operating Revenue | 5 164 | 3 592 | 2 710 |
| EBITDA 1 | 4 036 | 2 574 | 1 747 |
| Operating profit | 3 669 | 2 235 | 1 439 |
| Profit before taxes | 3 364 | 1 987 | 1 248 |
| Net profit or loss for the year | 1 223 | 1 038 | 505 |
| Capital emloyed | 27 760 | 27 285 | 16 321 |
| Total equity | 12 954 | 12 364 | 7 163 |
| Return on equity* | 10 % | 11 % | 7 % |
| Power production (GWh) | 14 300 | 12 194 | 11 215 |
| Employees | 185 | 198 | 172 |
Read more in E-CO Energi’s annual report for 2018.
For further information, please contact:
Martin S. Lundby, Acting CFO Hafslund E-CO, tel: +47 416 14 448, e-mail: martin.lundby@hafslundeco.no