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Pohjolan Voima Oyj financial statements release 2018

Pohjolan Voima’s heat and power production continued at the normal level. 

Teollisuuden Voima and the plant supplier consortium companies signed and executed a settlement agreement concerning the completion of the OL3 EPR project and related disputes in March.

Pohjolan Voima issued a bond of €125 million.

The consolidated result of continuing operations at the end of the reporting period 1 July – 310 December  was €259.3 (219.6) million and for the financial year 2018 €514.1 (453.6) million..

In June 2018, Pohjolan Voima Oyj issued a senior unsecured bond of €125 million. The bond matures on 8 June 2023 and it carries a fixed annual interest of 1.75 percent. Pohjolan Voima Oyj will submit an application to have the bond listed on Nasdaq Helsinki Ltd within 12 months from the date of issuance of the bond.

Pohjolan Voima’s electricity deliveries in 2018 totalled 12.5 (11.9) TWh, of which the Group’s own electricity production accounted for 12.0 (11.4) TWh. Purchases from the Nordic electricity markets amounted to 0.5 (0.5) TWh and sales 0.3 (0.4) TWh. The parent company’s deliveries to its shareholders totalled 11.6 (10.9) TWh and subsidiaries’ deliveries to their other shareholders 0.4 (0.5) TWh. Pohjolan Voima’s Heat deliveries totalled 4.4 (4.5) TWh.

Pohjolan Voima Oyj financial statements release 2018 

For further information, please contact:
Minna Laakso, CFO, Pohjolan Voima Oyj,  tel. +358 (0)10 478 6421