NO EN

Key figures

Financial information for Hafslund Eco

Hafslund E-CO AS was founded in 4 July 2018 with the subsidiaries Hafslund AS and E-CO Energi Holding AS. Hafslund AS owns Norway’s largest power grid company Hafslund Nett AS, while E-CO Energi Holding AS owns Norway’s second largest electricity generator E-CO Energi AS.

Financial key figures (1) 2019 2018
Revenues 10 437 10 786
EBITDA 6 072 5 504
Operating profit (EBIT) 5 060 4 413
Profit after tax 6 511 1 605
Profit after tax adjusted for gain on sale of Hafslund Nett 2 160 1 605
Net interest-bearing debt 10 340 14 293
Subordinated debt (not included in net interest-bearing debt) 5 764 3 847
Equity 33 107 16 501
Capital employed 51 275 37 048
ROE (%) 7% 10%
ROCE (%) 10% 12%
Net interest-bearing debt/EBITDA (x) 1,7 2,6
FFO/Net interest-bearing debt (%) 34% 27%
Other key figures
H2 - Total number of injuries per million hours worked 8,1 9,2
Produced volume (TWh) (2) 13,6 14,3
Achieved price (øre/kWh) 39,2 41,1

Numbers in NOK million.

Note 1: Key figures include both continued and discontinued operations.
Note 2: Deviation from normal production of 17 TWh is due to lower water inflow than normal and Eidsiva Vannkraft only being consolidated from the fourth quarter of 2019.