Elmera Group ASA

Earnings Release • Oct 8, 2018

Fjordkraft Holding ASA: Q3 2018 customer growth

Fjordkraft Holding ASA: Q3 2018 customer growth

In the third quarter of 2018, the number of electricity deliveries in the Consumer and Business segments increased by 659, all of which organic. The number of electricity deliveries in the Consumer and Business segments at the end of Q3 2018 was 596,286.

Extended Alliance had a growth of 7,672 electricity deliveries in the third quarter of 2018 and comprised 33,523 electricity deliveries at the end of the third quarter of 2018.

In total, the Group had 629,809 electricity deliveries at the end of the third quarter 2018. This is an increase of 85,483 electricity deliveries compared to the end of the third quarter 2017.

"I am pleased with our organic growth in a year with high electricity prices," says Rolf Barmen, CEO of Fjordkraft.

The number of mobile subscriptions grew by 4,282 in the third quarter of 2018, reaching a total of 61,218 subscriptions at the end of the period.

"It has been a year and a half since we launched the mobile services, and we are very happy about passing 60,000 subscribers. The new product range has been a success, giving our customers more options to choose from in the small and medium sized data plans," says Barmen.

For queries, please contact:

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