Elmera Group ASA

Earnings Release • Jul 6, 2018

Fjordkraft Holding ASA: Q2 2018 customer growth

Fjordkraft Holding ASA: Q2 2018 customer growth

In the second quarter of 2018, the number of electricity deliveries in the Consumer and Business segments increased by 63,432. The TrønderEnergi Marked acquisition represented a growth of 60,879 deliveries, while organic growth in the period amounted to 2,553 deliveries. The number of electricity deliveries in the Consumer and Business segments at the end of Q2 2018 was 595,627.

Extended Alliance had a growth of 3,863 electricity deliveries in the second quarter of 2018, and comprised 25,851 electricity deliveries at the end of the second quarter of 2018.

In total, the Group had 621,478 electricity deliveries at the end of the second quarter 2018. This is an increase of 95,056 electricity deliveries compared to the end of the second quarter 2017.

"The acquisition of TrønderEnergi Marked is strengthening our position in the Trøndelag area. We are also happy with our organic growth, especially given the recent market conditions with high electricity prices," says Rolf Barmen, CEO of Fjordkraft.

The number of mobile subscriptions grew by 7.567 in the second quarter of 2018, reaching a total of 56,936 subscriptions at the end of the period.

"Our mobile offering is attractive, and for electricity customers in particular. Looking at our rapid growth in number of mobile subscriptions, it is clear that there was a need for increased competition in the mobile industry," says Barmen.

For queries, please contact:

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