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Helen’s net sales showed good growth, but the results were depressed by the increased price of emission allowances and the costs of energy procurement. Significant change projects and carbon-neutral production projects progressed as planned, and the company's investments were at a record level. Two capital investments were made, one in Norway and one in Germany.
Helen achieved an excellent result due to good commercial operations, although year 2020 was characterised by the coronavirus pandemic and unseasonably mild winter, resulting in a decrease in net sales. The company’s customer numbers grew to a record high level with respect to electricity and heat customers. Helen also continued its investment in carbon-neutral production. The company is progressing resolutely towards its long-term financial and carbon neutrality targets.
The first half of 2020 was exceptional: the weather in the early part of the year was warmer than normal, the hydropower situation was excellent, and the coronavirus pandemic also had an impact on Helen’s operations. The decrease in net sales continued in the second quarter, however, the Group’s operating profit was at the expected level. The business reorganisation continued. Helen Ventures, which was launched last autumn, made a minority investment in a growth company that optimises heat
As from 1 September 2020, Helen's sales and customer service will be headed by Anu-Elina Hintsa, who is tasked with ensuring the high performance and customer-centricity of its sales function.
Net sales were reduced due to mild winter, impacts of the corona crisis are felt in Helen’s business environment The first quarter of 2020 was exceptional in many respects. Heat sales were decreased due to the uncommonly mild winter, while the corona crisis had an impact on electricity distribution especially in March: in Helsinki, electricity consumption was down by as much as 15 per cent as a result of the service sector shut down. In total, electricity distribution decreased by 4 per cent in
In the energy sector, the transformation of environmental technology and the circular economy provide breakthroughs comparable to the internet at the same time as the role of consumers and data increases, says Juha-Pekka Weckström who took over the position of Helen’s CEO at the beginning of April. The central elements of the company’s strategy are carbon neutrality and strong customer focus. Maintaining a high level of security of supply and producing sufficient volumes of electricity and heat
The production of electricity, heat and cooling continues as normal in Helsinki. We are constantly updating our operating instructions to ensure undisturbed distribution of energy to our customers. Our customer services can be contacted as normal online and by telephone. The Energiatori customer service point in Kamppi in Helsinki is closed until further notice.
Helen prepares to invest up to 50 million euros in growth companies disrupting the energy industry - Helen Ventures aims to accelerate the industry-wide transformation
Helen Ltd has launched a new investment operation, Helen Ventures, which aims to team up with start-up partners in accelerating the transformation of the energy industry. Helen Ventures will be a strategic investor supporting the growth companies that are disrupting and renewing the energy industry. Helen's investment will amount to EUR 50 million over the first five years.
Helen’s profit trend continues at a good level – waste heat is utilised to a higher degree in cooperation with a key customer
Helen’s profit trend has continued at a good level in the third quarter, with successful measures in the electricity market playing a key role. Helen continues its business transformation in accordance with the strategy set out in the spring.
Helen’s good profit trend, strong balance sheet and financial position enable development and growth of solutions for a new energy era.