Q3 2019 webcast

 

 

Link to webcast from Q3 2019 results presentation.

The Stock
48.00
+ 1.91
+ 0.90 NOK
Updated
11/15/2019 4:30:00 PM
Financial calendar
13
FEB
Quarterly Report - Q4

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
Reports
Press Releases
Stock Exchange Announcements
14.11.2019
Fjordkraft Holding ASA: Q3 2019 results
Q3 2019 highlights: o Net revenue growth across all segments - driven by both margin improvements and volume growth o Strong development with an accelerating growth in number of mobile subscribers (+51% YoY). Highest quarterly growth since the launch in Q2 2017 o Fjordkraft on top in EPSI's customer satisfaction survey for mobile subscribers in the consumer market in 2019 o Also awarded for best call centre across all industries in September o Successful acquisition of Vesterålskraft Strøm AS. Transaction completed 1 July 2019 Continued growth in net revenue and EBIT The third quarter of 2019 has been another quarter with growth in both net revenue and EBIT. Adjusted net revenue is increasing 14% YoY, while adjusted EBIT is increasing 8% YoY. Both volume growth and margin improvements have a positive impact on this quarter's result. The mobile segment is showing a strong growth, with the highest quarterly growth since the launch in Q2 2017, and Fjordkraft's mobile subscribers are also on top when it comes to customer satisfaction in the consumer market. It has been a good quarter. Temperatures in the quarter have been warmer than normal in three out of three months. However, two out of three months have been colder than in Q3 2018, which is part of the reason for the volume growth YoY. The growth of ~22k deliveries YoY in the Consumer and Business segments is also contributing positively to the volume growth. Building upon the "Klimanjaro" initiative that was awarded the United Nations' Climate Action Award, Fjordkraft is now launching "Klimahub". This is a nation-wide database with information about a firm's climate actions and focus. It includes an easy-to-use solution for businesses to calculate and register their CO2 emissions and climate actions, and Fjordkraft offers counselling and CO2 quotas to help businesses become climate neutral. Companies should use their purchasing power to ensure climate neutrality, and we hope "Klimahub" can make this easier. Please find attached the quarterly report and quarterly presentation. The results will be presented at Felix Konferansesenter at 08:00 on November 14. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526
13.11.2019
Fjordkraft Holding ASA: Invitation to attend presentation of third quarter 2019 results - November 14
We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q3 2019 results on Thursday 14 November 2019. Release: Time: Thursday 14 November 2019 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 14 November 2019 at 08.00 CET Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: https://webtv.hegnar.no/presentation.php?webcastId=98164488 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, 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.
09.10.2019
Fjordkraft Holding ASA: Q3 2019 customer growth
In the third quarter of 2019, the number of electricity deliveries increased by 11,892 in the Consumer segment and Business segment combined. The organic growth amounted to 2,274 electricity deliveries in the Consumer segment and 213 electricity deliveries in the Business segment. The additional growth is from the acquisition of Vesterålskraft Strøm. The number of electricity deliveries in the Consumer and Business segments at the end of Q3 2019 was 619,455. At the end of the third quarter 2019, Extended Alliance comprised 32,033 electricity deliveries. One new partner, Orkland Energi, is included in the Extended Alliance this quarter, while the customers of Vesterålskraft Strøm is now part of the Consumer and Business segments, following the recent acquisition. In total, the Group had 651,488 electricity deliveries at the end of the third quarter 2019. This is an increase of 21,679 electricity deliveries compared to the end of the third quarter 2018. "We are very satisfied with a growth of nearly twelve thousand electricity deliveries in the Consumer and Business segments this quarter, and the fact that we are growing both organically and through acquisitions is particularly satisfying. Through the acquisition of Vesterålskraft Strøm we get hold of the entire customer relationship, and not only the service offering we had through Extended Alliance" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 11,177 in the third quarter of 2019, reaching a total of 92,271 subscriptions at the end of the period. "The launch of the mobile service has been a fantastic journey for us, and this is the highest quarterly growth in number of subscribers since the second quarter of 2017. This proves that we are an attractive challenger to the more established players in the industry" says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526
See all Stock Exchange Announcements

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 1.4 million people through over 600,000 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 by 2019. Fjordkraft is convinced that climate neutrality is a competitive advantage.

Fjordkraft Mobil

Fjordkraft Mobil
Fjordkraft Online Shopping
Increased market share

Fjordkraft Mobil was launched on 25 April 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.

Fjordkraft Netthandel was launched. 150 online stores give Fjordkraft’s electricity customers discounts. Because Fjordkraft has a large number of customers, we are an attractive partner for vendors and brands who would like to give our customers discounts.

19% of electricity customers state that they are customers of Fjordkraft. This is the first time such a high market share has been reported for one electricity supplier in Norway (TNS Kantar Q3 2017).