Teollisuuden Voima Oyj's Interim Report January 1–March 31, 2014
Please find attached Teollisuuden Voima Oyj's Interim Report January - March 2014.
During the first quarter of the year, the electricity production of Teollisuuden Voima continued safely and reliably in the Olkiluoto 1 and Olkiluoto 2 plant units. In the Olkiluoto 3 project, the civil construction works have been mainly completed and the reactor main components are installed. Reactor containment pressure and leak-tightness tests have been completed. Design of the I&C system continued, and testing began. Bid comparison as part of the bidding and engineering phase of the Olkiluoto 4 project is ongoing.
The consolidated turnover for the period under review January 1–March 31, 2014 was EUR 86.0 (January 1–March 31, 2013: EUR 99.9) million. The amount of electricity delivered to shareholders was 3,889.6 (4,141.3) GWh.
TVO operates on a cost-price principle (Mankala principle). TVO's goal is not to make profit or pay dividends. The shareholders are charged incurred costs on the price of electricity and thus in principle the profit/loss for the period under review is zero. Because of the Company's operating principle, key indicators based on financial performance will not be presented.
For more information, please contact:
Jarmo Tanhua, President and CEO, tel. +358 2 8381 2000
Anja Ussa, Senior Vice President, Finance, tel. +358 2 8381 6100