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

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