Q2 2021 results webcast

 

Link to Q2 2021 results webcast (26 August 2021 at 08.00 CEST)

The Stock
49.24
- 2.59
- 1.31 NOK
Updated
9/28/2021 4:30:00 PM
Financial calendar
11
NOV
Quarterly Report - Q3

A sunshine story

According to the UN, energy is the largest contributor to climate change, through the emission of CO2 and other greenhouse gases. At Fjordkraft we therefore believe it is important to give customers the opportunity to produce their very own clean energy.

See a sunshine story
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Stock Exchange Announcements
27.08.2021
Fjordkraft 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.
26.08.2021
Fjordkraft 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
25.08.2021
Fjordkraft Holding ASA: Fjordkraft acquires Skymobil's mobile customer portfolio
Fjordkraft acquires Skymobil's mobile customer portfolio Fjordkraft has signed an agreement with Skymobil AS regarding the acquisition of their portfolio of mobile customers. -Fjordkraft has been a challenger in the Norwegian telecom duopoly since entering the market four years ago, and this was an opportunity we could not pass on, says Christian Kalvenes, EVP Consumer in Fjordkraft. M&A more relevant with increased profitability Skymobil AS was established in 2020 as a mobile service provider. Later in 2020, Skymobil acquired the customer portfolio of Hudya. Skymobil has been a price fighter, and the company has won several price comparisons in 2020 and 2021. Skymobil has just below 38,000 mobile subscribers in the Consumer market, distributed across all of Norway. -We are entering into an MVNO platform, which will improve the profitability of our mobile business. This makes acquisitions more relevant, and scale is key in this business, says Arnstein Flaskerud, EVP Strategy and M&A in Fjordkraft. Fjordkraft Mobil had close to 135,000 mobile subscribers at the end of Q2 2021 and is the largest mobile service provider without network operations. No need for change of SIM Skymobil has excelled in price comparisons for small data packages. For the customers, the transition from Skymobil to Fjordkraft will be a seamless experience. -Almost all of the customers will get terms as good or better than what they currently have, and the customers will not need to change their SIM cards due to the transaction, says Kalvenes. The customers will also get access to an attractive loyalty program, a new and improved smart phone application and Fjordkraft's award winning customer service. The customers will continue to be serviced through Telenor's network. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526
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Fjordkraft at a glance

Known brand
Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market.

All across Norway
The Company supplies electricity to an estimated more than 1.8 million people through more than 900,000 delivery points in households, businesses and public entities across Norway.

Fighting climate change
Fjordkraft believes that companies have responsibilities beyond maximising profits for the shareholders. Fjordkraft has addressed this responsibility in its climate Initiative "Klimanjaro", where we require our suppliers to be climate neutral. Fjordkraft is convinced that climate neutrality is a competitive advantage.

Fjordkraft Mobil

Fjordkraft Mobil

Fjordkraft Mobil was launched in the spring of 2017. We already had a well-known brand, a skilled customer service centre and expertise from the electricity market. For Fjordkraft, the path from being an electricity retailer to also becoming a mobile phone operator was short. Fjordkraft’s electricity customers get more value for money with cheap mobile phone subscriptions. At the end of 2019, Fjordkraft had more than 100,000 mobile subscribers.