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.

Documents & Links