Statkraft AS - Commercial paper buy-back
Statkraft AS has bought back nominal value NOK 100 million in ISIN NO0010499213 (STAKR32). The trade has been made at market terms.
Statkraft AS - Commercial paper buy-back
Statkraft AS has bought back nominal value NOK 127 million in ISIN NO0010502073 (STAKR33). The trade has been made at market terms.
Statkraft AS - Commercial paper buy-back
Statkraft AS has today bought back nominal value NOK 195 million in ISIN NO0010499213 (STAKR32). The trade has been made at market terms.
Christian Rynning-Tønnesen appointed new President and CEO of Statkraft
Christian Rynning-Tønnesen has been appointed the new President and CEO of Statkraft. He will follow Bård Mikkelsen who will step down in accordance with his contractual agreement.
Statkraft – third quarter 2009 - Lower prices curbed the result
(Oslo, 12 November 2009) Statkraft's underlying profit before tax was NOK 6668 million in the first three quarters of the year (NOK 8419 million) , and NOK 888 million in the third quarter (NOK 1698 million). The year-to-date underlying profit after tax was NOK 3559 million (NOK 5205 million), and NOK 233 million (NOK 693 million) for the quarter. The result is influenced by lower power prices than last year. The Group will now implement measures to adapt to the weaker market outlook and the company’s capital situation.
Statkraft – Release of third quarter results 2009
Statkraft will report third quarter results 2009 on Thursday 12 November 2009 at 8:00 a.m. CET.
Statkraft AS upgraded to A-/Negative Outlook by Standard & Poor’s
Statkraft AS is upgraded from BBB+ to A- due to Standard & Poor’s recent revision of its methodology for rating government-related entities (GREs).
The national budget: Statkraft to pay 85 percent in dividends
Today, the Government presented its budget proposal, under which Statkraft SF will pay a dividend of NOK 3 740 million, corresponding to 85 percent of the group’s profit after tax and minority interests adjusted for unrealised changes in values and non-recurring items in 2009. Statkraft SF is the parent company of Statkraft AS and the proposed dividend will determine the allocation of profit made by Statkraft AS.
Statkraft – Q2 2009 - Acceptable results in a turbulent market
The Statkraft Group’s gross operating revenues rose by 8 per cent in the six months to 30 June. The increase is primarily attributable to earnings from the power plants acquired from E.ON AG at the turn of the year. The rise in revenues was, however, less than expected owing to the sharp fall in German electricity prices compared with first-half 2008. Lower gas power production in Germany coincided with a fall in earnings from Norwegian hydropower, bringing about a weaker underlying result.
Statkraft SF – second quarter 2009
The Group posted a profit before tax for the first six months of the year of NOK 5 308 million (NOK 5 294 million), while the profit after tax was NOK 3 267 million (NOK 3 251 million). Adjusted for unrealised changes in value and material non-recurring items, profit before tax amounted to NOK 4 428 million (NOK 6 683 million) and profit after tax was NOK 3 299 million (NOK 4 547 million).
Statkraft AS – Release of second quarter results 2009
Statkraft will release second quarter results 2009 on Tuesday 18 August 2009 at 8:00 a.m. CET.
Revised outlook from Standard & Poor’s
Due to Standard & Poor’s revised methodology for rating government related entities, Standard & Poor’s has put Statkraft AS on “credit watch positive”. Statkraft AS has today BBB+ rating from Standard & Poor’s.
Changes to Statkraft’s board of directors
Today, Hilde M. Tonne and Bertil Tiusanen were elected by the general meeting to serve as new members on the Statkraft SF board of directors. Egil Nordvik and Aud Mork are stepping down from the board.
Updated financial calendar 2009
2nd quarter 2009 – 18 August 2009 3rd quarter 2009 – 12 November 2009
Publication of Offering Circular
The following offering circular has been approved by the UK Listing Authority and is available for viewing:
Statkraft – Q1 2009 - Satisfactory result from operations
The Group posted an operating profit, adjusted for unrealised changes in value and material non-recurring items, of NOK 3 943 million in the first quarter of 2009 (NOK 3 838 million). This represents an improvement of 3% compared with the same period in 2008. The improvement in the operating result is primarily attributable to an increase in production as a result of the acquisition of new assets, while the average Nordic system price was on a par with the previous year. Adjusted for unrealised changes in value and material non-recurring items, the underlying profit after tax amounted to NOK 1 786 million (NOK 2 943 million). The interim financial statements are impacted by large unrealised changes in value. Unadjusted for these items, the accounting profit after tax was NOK 2 723 million (NOK 3 803 million)1.
Statkraft – Release of first quarter results 2009
Statkraft AS will report first quarter results 2009 on Wednesday 20 May 2009 at 8:00 a.m. CET.
Statkraft SF – Annual Report 2008
Enclosed is a pdf-version of the 2008 Annual Report for Statkraft SF. The Annual Report is also available on Statkraft’s website.
Statkraft AS – Annual Report 2008
Enclosed is a pdf-version of the 2008 Annual Report for Statkraft AS. The Annual Report is also available on Statkraft’s website.
Statkraft and StatoilHydro to develop major offshore wind farm
StatoilHydro and Norwegian power utility Statkraft join forces to develop the 315 MW Sheringham Shoal Offshore Wind Farm off the coast of Norfolk in the UK.
Statkraft AS – issue of EUR bond loans
Statkraft AS has issued two bond loans with 6 years tenor and 10 years tenor under the EMTN programme. The amounts are EUR 500,000,000 for both bonds. Issue date will be April 2. The notes will be listed on London Stock Exchange. The purpose of the new issues is general corporate purposes including dept repayments and new investments.
Statkraft AS has updated its EMTN Programme
Statkraft AS has increased the programme amount of its EMTN Programme from Euro 3,000,000,000 to Euro 5,000,000,000.
Statkraft AS – Commercial paper tap issue
Statkraft AS has today made a tap issue of NOK 100 million in ISIN NO0010499213. Outstanding amount after the tap issue is NOK 800 million.
Statkraft AS – 2008 Financial Statements approved
The Board of Directors of Statkaft AS has 18 March 2009 approved the final 2008 financial statements for the Statkraft AS Group. Profit before tax totalled NOK 37,820 million and net profit NOK 33,262 million. This is identical to the preliminary figures announced 26 February 2009.
Statkraft acquires hydropower projects in Turkey
(Istanbul/Oslo, 18 March 2009) Statkraft AS and Global Investment Holdings, a Turkish diversified holding company, have signed an agreement to transfer hydropower projects to Statkraft. Under the agreement Statkraft acquires Yesil Enerji, a company with controlling interests in seven hydropower projects in Turkey. The potential of the project portfolio is an annual generation capacity of more than 2 TWh. The agreement is Statkraft’s first in Turkey.
Statkraft AS – Commercial paper issue
Statkraft AS has today made a commercial paper issue of NOK 600 million with maturity 23 March 2010. Correspondingly the company has bought back nominal value NOK 225 million in ISIN NO0010227069 (STAKR05)
Statkraft AS – Commercial paper issue
Statkraft AS has today made a commercial paper issue of NOK 700 million with maturity 11 March 2010. Correspondingly the company has bought back nominal value NOK 375 million in ISIN NO 001 0445331 (STAKR16) and NOK 350 million in ISIN NO 0010452329 (STAKR18)
Statkraft – fourth quarter and preliminary financial statements for the 2008 financial year - Best ever year-end result
(Oslo, 26 February 2009) Statkraft made a net profit of NOK 33,262 million in 2008 (NOK 6,632 million) , while its underlying net profit came to NOK 8,097 million (NOK 7,030 million). The Group made a net profit in the fourth quarter 2008 of NOK 28,663 million (NOK 2,529 million). The underlying net profit for the quarter came to NOK 2,918 million (NOK 2,986 million).
Statkraft SF – Preliminary results for 2008
The Group made a net profit of NOK 33,529 million in 2008 (NOK 6,772 million), while its underlying net profit came to NOK 8,365 million (NOK 7,169 million).
Statkraft AS – Bond tap issue
Statkraft AS has today made a tap issue of NOK 300 million in ISIN NO001047985. Outstanding amount in the bond after the tap issue is NOK 1055 million. The bond matures 11 December 2015.
Statkraft AS - Bond issue
Statkraft AS has today made a bond issue of NOK 1000 million under the EMTN programme. Issue date will be 6 March 2009 with maturity 18 December 2015. The bond will be listed on Oslo Stock Exchange.
Statkraft AS – Bond tap issue
Statkraft AS has today made a tap issue of NOK 100 million in ISIN NO001047985. Outstanding amount in the bond after the tap issue is NOK 755 million. The bond matures 11 December 2015.
Statkraft AS – Bond tap
Statkraft AS has today made a tap issue of NOK 100 million in ISIN NO001047985. Outstanding amount in the bond after the tap issue is NOK 655 million. The bond matures 11 December 2015.
Statkraft AS – Release of fourth quarter results 2008
Statkraft will release fourth quarter results 2008 on Thursday 26 February 2009 at 8:00 a.m. CET.
Statkraft AS – Bond buy-back
Statkraft AS has today bought back nominal value NOK 450 million in ISIN NO0010227069 (STAKR05). The trade has been made at market terms.
Statkraft AS – Bond buy-back
Statkraft AS has bought back nominal value NOK 300 million in ISIN NO0010227069 (STAKR05). The trade has been made at market terms.
Statkraft AS – Bond tap issue
Statkraft AS has today made a tap issue of NOK 200 million in ISIN NO0010491244. Outstanding amount in the bond after the tap issue is NOK 700 million. The bond matures 17 February 2012.
Statkraft AS – Bond issue
Statkraft AS has today made a bond issue of NOK 500 million under the EMTN programme. Issue date will be 17 February 2009 with maturity 17 February 2012. The bond will be listed on Oslo Stock Exchange.
Statkraft board recommends strengthened equity
The board of Statkraft today submitted a recommendation to Sylvia Brustad, the Norwegian Minister of Trade and Industry, to strengthen the company’s equity by NOK 8 billion and amend the current dividend policy. These measures will enable implementation of Statkraft’s strategy for continued profitable growth in the field of environmentally friendly and flexible power production.
Statkraft AS – Bond tap issue
Statkraft AS has today made a tap issue of NOK 325 million in ISIN NO0010488398. Outstanding amount in the bond after the tapissue is NOK 1,000 million. The bond matures 11 February 2019.
Statkraft AS – Bond tap issue
Statkraft AS has today made a tap issue of NOK 175 million in ISIN NO0010488398. Outstanding amount in the bond after the tap issue is NOK 675 million. The bond matures 11 February 2019
Statkraft AS – Commercial paper buy-back
Statkraft AS has today bought back nominal value NOK 100 million in NO0010470495 (STAKR24). The trade has been made at market terms.
Statkraft AS – Commercial paper issue
Statkraft AS has today made a commercial paper issue of NOK 200 million with maturity 21 January 2010.
Statkraft AS – Bond issue
Statkraft AS has today made a bond issue of NOK 500 million under the EMTN programme. Issue date will be 11 February 2009 with maturity 11 February 2019. The bond will be listed on Oslo Stock Exchange.
Statkraft AS – Tap issue
Statkraft AS has today made a tap issue of SEK 200 million in ISIN XS0409342358. Outstanding amount in the bond after the tap issue is SEK 900 million. The bond matures 20 October 2010.
Statkraft AS – Bond issue
Statkraft AS has today made a bond issue of SEK 700 million under the EMTN programme. Issue date will be 20. January 2009 with maturity 20. October 2010. The bond will be listed on London Stock Exchange.
Updated financial calendar 2009
4th quarter and preliminary annual results 2008 – 26 February 2009 Annual results 2008 approved – 19 March 2009 1st quarter 2009 – 20 May 2009 2nd quarter 2009 – 13 August 2009 3rd quarter 2009 – 12 November 2009
Swap agreement between Statkraft and E.ON implemented
Statkraft AS and E.ON AG have 31 December 2008 implemented the previously announced agreement to swap assets.