HNA/HNB - Results First Quarter 2005

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Highlights first-quarter 2005
 
  • Overall Group-wide improvement in operations
  • Operating profit of NOK 415 million, slightly above 1Q 2004
  • Pre-tax profit of NOK 300 million - up 32 percent
  • Return on equity: 14.3 percent p.a. (up from 8.5 percent p.a.)
  •  
     
    Key figures - Hafslund Group


     
     
    First quarter
     
     
    Year
    Profit and loss account (in NOK million)
     
    2005
    2004
     
    2004
    Operating revenues
     
    2 316
    2 444
     
    8 412
    Operating profit before depreciation
     
    581
    588
     
    2 204
    Operating profit
     
    415
    411
     
    1 488
    Profit before tax
     
    300
    227
     
    848
    Profit after tax
     
    233
    130
     
    496
     
     
     
     
     
     
    Capital matters (in NOK million)
     
     
     
     
     
    Total assets
     
    21 626
    21 709
     
    20 906
    Equity
     
    6 625
    6 344
     
    6 374
    Equity ratio (in %)
     
    30,6 %
    29,2 %
     
    30,5 %
    Net interest-bearing debt
     
    10 301
    10 945
     
    10 341
     
     
     
     
     
     
    Per-share figures (in NOK per share)
     
     
     
     
     
    Profit (EPS)
     
    1,18
    0,64
     
    2,44
    Cash flow
     
    2,05
    1,57
     
    6,21
     
     
     
     
     
     
    Electric power production and sales
     
     
     
     
     
    Power generation in Norway (in GWh)
     
    580
    535
     
    2 895
    Power sales (in GWh)
     
    3 894
    3 752
     
    10 985
     
     
    For further comments and key figures please look to the enclosed preliminary report.

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