Elmera Group ASA

Earnings Release • Oct 9, 2020

Fjordkraft Holding ASA: Q3 2020 customer growth

Fjordkraft Holding ASA: Q3 2020 customer growth

Strong growth both organically and through M&A

The number of electricity deliveries increased by 240,635 in the Consumer segment and Business segment combined. The growth is split between an organic growth of 5,225 electricity deliveries in the Consumer segment, 634 electricity deliveries in the Business segment, and the inclusion of Innlandskraft’s deliveries as of quarter-end. The Consumer segment comprised 761,286 electricity deliveries at quarter-end and the Business segment comprised 104,259 electricity deliveries at quarter-end, a total of 865,545 deliveries.

At the end of the third quarter 2020, Extended Alliance comprised 46,118 electricity deliveries, which is at the same level as in Q2.

In total, the Group had 911,663 electricity deliveries at the end of the third quarter 2020. This is an increase of 260,175 electricity deliveries compared to the end of the third quarter 2019.

The number of mobile subscriptions grew by 4,691 in the third quarter of 2020, reaching a total of 122,414 subscriptions at the end of the period.

“It has been another good quarter, with strong growth both organically and through the recent acquisition, and we are very pleased with the development,” says Rolf Barmen, CEO of Fjordkraft.

For queries, please contact:

Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526