Annual General Meeting 2021

 

 

Link to AGM 2021 voting and participation

 

Link to AGM 2021 material

The Stock
67.90
- 3.07
- 2.15 NOK
Updated
4/16/2021 4:30:00 PM
Financial calendar
21
APR
Annual General Meeting
12
MAY
Quarterly Report - Q1

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
16.04.2021
Fjordkraft Holding ASA: Q1 2021 customer growth and Group EBIT adjusted estimate
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
Fjordkraft Holding ASA: Notice of Annual General Meeting 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
Correction: Fjordkraft Holding ASA: Key Information relating to cash dividend to be paid by Fjordkraft Holding ASA
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.
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 1.8 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.