The Norwegian Ministry of Modernisation has resolved to revoke the order issued to Statkraft to sell Trondheim Energiverk (TEV). Now that it has the opportunity, Statkraft will - as previously stated - retain TEV.
The Statkraft SF Group made a profit before tax of NOK 1,333 million in the third quarter 2005, while the group's net profit totalled NOK 1,000 million. This is an increase of NOK 1,025 million and NOK 564 million respectively compared with the third quarter 2004.
Statkraft will report third quarter results on Thursday 10 November 2005. The results will be available at 8:00 a.m.CET, and will be presented in a conference call in English at 10:00 a.m.CET.
Pretax profit before tax NOK 1,576 m. Net profit NOK 1,135 m
in the 2nd quarter 2005, up NOK 1,020 m and NOK 765 m
respectively compared with the same period last year.
Consolidated pretax profit first six months of the year
amounted to NOK 4,099 m, while its net profit totalled NOK
2,921 m. This is an improvement of NOK 1,349 m and NOK 999 m
respectively compared with the same period last year.
Statkraft will report second quarter results on Thursday 18 August 2005. The results will be available at 8:00 a.m. Norwegian time, and will be presented to investors, analysts and journalists.
Statkraft and Sydkraft, the Swedish energy group, have today signed an agreement whereby Statkraft will acquire 24 hydropower plants in Sweden and Finland with an average annual production of approximately 1.6 TWh. The acquisition is based on an agreement in principle entered into last October between Statkraft and the German power company E.ON, a majority shareholder of Sydkraft.
Statkraft has decided to invest in a gas-fired power plant in Knapsack, near Cologne, Germany. The plant will be owned and operated as a subsidiary of Statkraft. It is estimated that the total investment will come to around EUR 400 million. The plant will have an annual output of 4-5 TWh. The power plant is the second planned by Statkraft in Germany.
Statkraft's board of directors today announced its decision to acquire a 50% stake in the Herdecke gas-fired power plant in Germany. The remaining 50% will be held by the German energy company Mark-E. The total investment (100%) will amount to an estimated EUR 220 million.
(Oslo, 11 May 2005) The Statkraft Group's first quarter income was boosted by high levels of electricity production. In addition, revenues from financial power hedging were substantial and financial costs were reduced. The major costs incurred by the associated company Sydkraft following a hurricane in southern Sweden did, however, pull down the group's overall financial result slightly. Statkraft achieved a pre-tax income of NOK 2,472 million (NOK 2,124 million), and a net income of NOK 1,739 million (NOK 1,493 million) in the first quarter 2005.
Statkraft will report first quarter results on Wednesday 11 May 2005. The results will be presented in a conference call in English at 15:00 p.m. CET.
Statkraft will report fourth quarter results and preliminary results for 2004 on Thursday 17 February 2005. The results will be available at 8:00 a.m. Norwegian time, and will be presented to investors, analysts and journalists.