December 27, 2014 4:37 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Statkraft SF

Company Overview

Statkraft SF produces renewable energy in Europe. It develops and generates hydropower, wind power, gas power, and district heating. The company is also involved in the distribution grid operations, electrical entrepreneur activities, and natural gas distribution activities, as well as in the provision of financial fuel contracts for customers who are exposed to coal, gas, and various oil product prices. Statkraft SF is based in Oslo, Norway.

Lilleakerveien 6

Oslo,  0283

Norway

Phone:

47 24 06 70 00

Fax:

47 24 06 70 01

Key Executives for Statkraft SF

Chief Executive Officer and President
Age: 54
Chief Financial Officer and Executive Vice President
Head of Internal Auditing
Age: 69
Executive Vice President of Wind Power & Technologies
Age: 60
Executive Vice President of Power Generation
Age: 48
Compensation as of Fiscal Year 2014.

Statkraft SF Key Developments

Statkraft SF Announces Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014

Statkraft SF announced unaudited earnings and operating results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported sales revenues of NOK 9,431 million against NOK 9,560 million a year ago. Net operating revenues were NOK 6,412 million against NOK 4,371 million a year ago. Operating profit was NOK 2,875 million against NOK 1,243 million a year ago. Profit before tax was NOK 6,058 million against loss before tax of NOK 1,320 million a year ago. Net profit was NOK 4,151 million against net loss of NOK 1,681 million a year ago. Net operating revenues, underlying was NOK 6,412 million against NOK 4,371 million a year ago. Operating profit, underlying was NOK 2,875 million against NOK 1,243 million a year ago. Profit before financial items and tax was NOK 3,008 million against NOK 1,184 million a year ago. EBITDA, underlying was NOK 2,282 million against NOK 1,867 million a year ago. For the nine months, the company reported sales revenues of NOK 30,968 million against NOK 32,513 million a year ago. Net operating revenues were NOK 17,076 million against NOK 16,782 million a year ago. Operating profit was NOK 7,842 million against NOK 8,554 million a year ago. Profit before tax was NOK 10,394 million against NOK 127 million a year ago. Net profit was NOK 6,989 million against net loss of NOK 2,147 million a year ago. Cash flow from operating activities was NOK 5,731 million against NOK 5,585 million a year ago. Net cash flow operating activities was NOK 7,743 million against NOK 6,862 million a year ago. Investments in property, plant and equipment was NOK 6,736 million against NOK 6,519 million a year ago. Net operating revenues, underlying was NOK 34,297 million against NOK 16,782 million a year ago. Operating profit, underlying was NOK 7,842 million against NOK 8,554 million a year ago. Profit before financial items and tax was NOK 8,055 million against NOK 8,954 million a year ago. Net interest-bearing debt totalled as on September 30, 2014 was NOK 25,719 million, compared with NOK 32,240 million at the beginning of the year. The decline was related both to repayment of debt and increased bank deposits. EBITDA, underlying was NOK 8,646 million against NOK 8,602 million a year ago. The increased revenues year to date were primarily related to realising substantial positions in the Nordic dynamic asset management portfolio in the first quarter of this year, increased contributions from market activities in Brazil, new production capacity within wind power as well as increased Nordic hydropower production. The increased revenues were somewhat offset by lower Nordic power prices. For the quarter, the company reported total power production of 12.2 TWh against 11.2 TWh a year ago. For the nine months, the company reported total power production of 40.6 TWh against 39.6 TWh a year ago.

Statkraft SF to Report Q3, 2014 Results on Nov 06, 2014

Statkraft SF announced that they will report Q3, 2014 results at 8:00 AM, Central European Standard Time on Nov 06, 2014

Statkraft SF, Q3 2014 Earnings Call, Nov 06, 2014

Statkraft SF, Q3 2014 Earnings Call, Nov 06, 2014

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