Hafslund - 4th quarter and preliminary 2004 report
Fourth-quarter 2004 highlights
- EBITDA more than doubled, compared with 4Q 2003.
- Network and Power Generation turn in record profits.
- Power Sales and security: EBITDA up NOK 54 million.
2004 highlights
- Profit growth by all profit centres, compared with 2003.
- Cash flow for debt payment and dividends: NOK 1,174 million.
- Dividend for 2004: NOK 1.25 per share (proposed).
Key figures
| Fourth quarter | | Year | ||
| 2003 | 2004 | Profit and loss account (in NOK million) | 2004 | 2003 |
| 2 312 | 2 309 | Operating revenues | 8 270 | 9 300 |
| 268 | 574 | EBITDA | 2 053 | 1 810 |
| (13) | 428 | Operating profit | 1 192 | 850 |
| (70) | 296 | Profit before tax | 693 | 259 |
| (24) | 203 | Profit after tax | 353 | 202 |
| | | | | |
| | | Balance sheet (in NOK million) | | |
| 20 609 | 19 059 | Total assets | 19 059 | 20 609 |
| 5 856 | 5 977 | Equity | 5 977 | 5 856 |
| 28 % | 31 % | Equity ratio (in %) | 31 % | 28 % |
| 11 326 | 10 341 | Net interest-bearing debt | 10 341 | 11 326 |
| | | | | |
| | | Per-share figures (in NOK per share) | | |
| -0,1 | 1,0 | Profit (EPS) | 1,7 | 1,0 |
| 1,2 | 1,8 | Cash flow | 6,2 | 5,9 |
| | | | | |
| | | Electric power production and sales | | |
| 600 | 752 | Power generation in Norway (in GWh) | 2 895 | 2 655 |
| 3 287 | 3 332 | Power sales (in GWh) | 10 985 | 11 454 |
For further comments and key figures please look to the enclosed preliminary report.