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