Financial statements

The group's results were at the anticipated level, which was higher than in the previous year. The positive profit trend in the network business, the low market price of electricity and the increased fuel costs had a key impact on the performance.

Net sales for 2017 totalled EUR 805 million (EUR 782 million) and operating profit stood at EUR 81 million (EUR 75 million). At 6,167 GWh, the electricity sales volume fell by 2 per cent. District heat sales were at the previous year's level at 6,606 GWh. District cooling sales remained at the previous year's level despite an exceptionally cool summer. The amount of cooling energy sold was 141 GWh.At 4,404 GWh, electricity distribution in Helsinki was at the 2016 level.

Read more

Report on operations and financial statements (pdf)

Share: