Gasum Group Q3 2021 – Surge in gas prices affected the company’s result
Key financial indicators January 1 to September 30, 2021.· Group revenue totaled €811.6 million (1–9/2020: €448.9 million). · The Group’s operating result was ‑€5.0 million (1–9/2020: €12.8 million). · Balance sheet total came to €1,972.4 million (30.9.2020: €1,256.1 million). · The Group’s equity ratio was 15.0% (30.9.2020: 38.8%). · The company appointed CFO Kai Laitinen as interim CEO.
Gasum Group Interim CEO Kai Laitinen comments on Q3 and the year to date 2021:
“Q3 of the year saw a very sharp rise in gas prices. This affected the development of company’s revenue and
Gasum Group published Financial Review, Corporate Responsibility Report, Governance and Remuneration Report and Green Funding Impact Report for the period 1.1.–31.12.2020.Regardless of the uncertainties caused by the COVID-19 pandemic, in 2020 Gasum continued to develop the Nordic gas market as planned and was able to ensure business continuity and progress in projects.
The company advanced its strategy in a purposeful manner by offering low-emission energy solutions in response to growing demand among industrial as well as road and maritime transport customers. The importance of gases
Key financial indicators January 1 to June 30 2020*· Group operating profit totaled €17.5 million, down 21% year on year (June 30, 2019: €22.1 million) · Operating profit margin in H1 in the reporting period was 5.8%, up 1.6 percentage points compared with the reference year’s continuing operations (June 30, 2019: 4.2%) · Balance sheet total came to €1,259.3 million (June 30, 2019: €1,109.7 million) · The Group’s solvency remained strong in the reporting period, with the equity ratio being 39.9% (June 30, 2019: 43.5%)
\* Including comparable figures for continuing operations.\
Key financial indicators January 1 to March 31 2020*·The Group’s operating profit totaled €12.3 million, down 29.7% year on year (March 31, 2019: €17.5 million).
· Operating profit margin in Q1 was 6.9%, up 1.4% compared with the reference year’s continuing operations (March 31, 2019: 5.5%). · Balance sheet total came to €1,133 million (March 31, 2019: €1,139 million) · The Group’s solvency remained strong in the reporting period, with the equity ratio being 44.1% (March 31, 2019: 40.7%).
\* Including comparable figures for continuing operations\
Gasum Group CEO
Key financial indicators January 1 to December 31, 2019*· The Gasum Group’s revenue was down 4.2% year on year, totaling €1,127.6 million (1–12/2018: €1,177.4 million) · The Group’s operating profit totaled €141.4 million, up 13.9% year on year (€124.2 million). · Capital expenditure increased the balance sheet total to €1,648.3 million (December 31, 2018: €1,526.6 million). · The Gasum Group’s financial position remained strong in the reporting period, with the equity ratio being 44.7% (December 31, 2018: 43.7%).
KEY FIGURES*
€ million 2019
Key financial indicators January 1 to September 30, 2019• Group revenue increased by 1.4% year on year and totaled, €838.8 million (January-September/2018: €827.4 million)• Group operating profit totaled €86.3 million, down 7.2% year on year (€93.0 million)• Balance sheet total increased through new investments to €1,553.7 million (December 31,2018: €1,526.6 million)• The Group’s financial position remained strong in the reporting period, with the equity ratio being 44.6% (December 31, 2018: 43.7%).
CEO Johanna Lamminen comments on Q3 of 2019:”Our financial performance was in