16.04.2021
The number of electricity deliveries in the Consumer and Business segments
decreased by 17,251 in first quarter 2021. The Consumer segment decreased by
19,150 deliveries, while the Business segment grew by 1,899 deliveries.
In Q1, the Group experienced a negative one-off effect of about 10,900
deliveries from the Innlandskraft transaction, primarily due to stop of sales
activities and the termination of the Eidsiva brand. The one-off effect from the
termination was expected, however, the effect was larger than anticipated.
In Q1, the Fjordkraft brand and the TrøndelagKraft brand decreased by about
6,400 deliveries.
Extended Alliance grew by 2,908 deliveries in the quarter, and number of mobile
subscribers grew by 2,280, while number of deliveries in the Nordic segment
decreased by 3,466.
-It has been a tough first quarter due to the market dynamics, Covid-19 and
negative media attention. In a high elspot price sentiment, the customer churn
increases, and normally we are able to win new customers through our physical
distribution. However, the majority of our physical distribution has been shut
down due to Covid 19 this quarter. That said, the development in sales figures
in the Business segment, Mobile and Extended Alliance are uplifting, and we
expect a positive growth in the Consumer segment once the Covid restrictions are
lifted, says CEO Rolf Barmen.
-The Nordic segment is developing as planned. The decrease in number of
deliveries in the quarter is related to the phaseout of tender customers with
low profitability. We experience a growth in sales figures in the strategic
customer segments in both Sweden and Finland, says Barmen.
The Group expects to report an EBIT adjusted of about 210 MNOK in Q1 2021 (Q1
2020: 238 MNOK), and an EBIT adjusted margin of about 41% (Q1 2020: 49%).
-As mentioned, this has been a tough first quarter. The elspot price development
last year was highly favourable, giving us a historically strong start to the
year, while the elspot price development this year has been a lot more
challenging. This has a negative impact, mainly on the Consumer segment, while
the other segments are showing a positive development, says Barmen.
The number of deliveries at the end of Q1 2021 for all brands in the Group are
presented below:
Consumer: 736,154
Business: 108,876
Nordic: 160,827
Extended Alliance: 58,918
Mobile: 134,675
Queries: Rolf Barmen, CEO, + 47 900 80 950
Morten Opdal, Head of Investor Relations, + 47 970 62 526
30.03.2021
Notice is hereby served that the annual general meeting of Fjordkraft Holding
ASA will be held on 21 April 2021 at 08:30 hours in Auditoriet in the Company's
offices in Folke Bernadottes Vei 38, 5147 Fyllingsdalen, Bergen. Please find the
notice attached. All relevant documents are available on investor.fjordkraft.no
In light of the Norwegian authorities' measures to stop the spreading of
Covid-19, Fjordkraft Holding ASA seeks to limit physical participation at the
Annual General Meeting. Shareholders are therefore strongly requested to vote in
advance or to appoint the Chairman of the board as proxy with or without voting
instructions.
For queries, please contact: Morten A. W. Opdal, Head of Controlling and
Investor Relations, +47 970 62 526
28.03.2021
Reference is made to the stock exchange announcement made on 26 March 2021
regarding details on the upcoming dividend, where the record date was incorrect.
The correct information is as follows:
Dividend amount: 3.5 per share
Declared currency: NOK
Last day including right: 21.04.2021
Ex-date: 22.04.2021
Record date: 23.04.2021
Payment date 04.05.2021
Date of approval: 21.04.2021
For queries, please contact:
Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.