Report from the Board of Directors

Statkraft’s operating result was held back by the lowest Nordic power prices in 15 years. The contribution from the growth investments within International Hydropower increased and the market operations continued to deliver a significant contribution to the Group’s EBITDA. All segments contributed positively to the Group’s underlying EBITDA of NOK 10.2 billion. Impairments and negative currency effects under the financial items impacted the Group’s net profit, which amounted to a loss of NOK 2.4 billion.

Report from the Board of Directors 2015