Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market.
Stock Exchange Announcements
18.10.2021Fjordkraft Holding ASA: Q3 2021 customer growth
In Q3, the Fjordkraft Group increased its number of deliveries by 1,753 in the Norwegian market. The Consumer segment had a growth of 727 deliveries, the Business segment had a growth of 659 deliveries and Extended Alliance had a growth of 367 deliveries. The Nordic segment had a decrease of 1,584 deliveries in the quarter. The development within the strategic customer segments was positive - the decrease was due to a decrease in tender customers with low profitability. "We are very satisfied with the customer development this quarter, especially within the Consumer segment where we continue on the positive trend from the last part of Q2. After a long period of Covid restrictions the activity level of our physical sales channels is increasing. The Business segment delivers positive organic growth for the eighth consecutive quarter and the underlying growth in the Nordic segment is also positive" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscribers decreased by 3,495 in the quarter. "The New Growth Initiatives segment is also developing well. Extended Alliance is performing as planned, and we are looking forward to the migration to the MVNO platform for our Mobile business. This will enable new commercial opportunities and contribute to improved profitability in the segment" says Barmen. The customer base of Fjordkraft Holding ASA at the end of Q3: Consumer: 726,241 (+727) Business: 111,629 (+659) Nordic: 165,830 (-1,584) Extended Alliance: 81,385 (+367) Mobile: 130,654 (-3,495) For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526
27.08.2021Fjordkraft Holding ASA: Mandatory notification of trade
On 27 August 2021, Birte Strander (CFO) has purchased 2,536 shares in Fjordkraft Holding ASA at an average price of NOK 53.3. On 26 May 2021, Birte Strander purchased 192 shares in Fjordkraft Holding ASA at an average price of NOK 56,3. After these transactions, Birte Strander holds a total of 31,244 shares in Fjordkraft.
26.08.2021Fjordkraft Holding ASA: Q2 2021 results
Q2 Highlights: o 24% YoY increase in net revenue and 14% YoY increase in EBIT adj. o # of deliveries in the Consumer, Business and Nordic segments decreased by 1,959 in the quarter o This is an improvement of 15,292 vs. the development in Q1 2021 o In Q3 2021: Acquisition of SkyMobil's customer portfolio of ~38k subscribers Growth in net revenue and EBIT adj. In the second quarter of 2021, the average daily system price was 647% higher than in the second quarter of 2020. While 2020 as a whole, including the second quarter, was a year with exceptionally low electricity prices due to the hydrologic balance, Q2 2021 has been affected by an increase in the price of CO2 quotas, coal and gas, in addition to low amounts of generation from wind power. Thus, Q2 2020 represented a very favourable market situation, while the market dynamics in Q2 2021 have been more neutral. Net revenue increase 24% YoY and EBIT adj. increase 14% YoY, mainly driven by M&A. The number of electricity deliveries decreased by 1,959 in the quarter, which is a significant improvement from last quarter's development. On 25th of August, Fjordkraft announced the acquisition of SkyMobil's customer portfolio of about 38 thousand subscribers. In addition to the announced platform change within Mobile, this acquisition will contribute positively to the New Growth Initiatives segment. Please find attached the quarterly report and quarterly presentation. The presentation will be webcasted live on 26 August 2021 at 08.00 CEST at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210826_1 For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526