Brief: Fjordkraft Q1 Net Profit Falls To NOK 134 Mln

Elmera ASA

12/05/2021 06:24

May 12 (Reuters) - Fjordkraft Holding ASA  FKRAFT.OL :
    * IN Q1 6% YOY INCREASE IN NET REVENUE AND 9% YOY DECREASE
IN EBIT
ADJUSTED. VERSUS A HISTORICALLY STRONG Q1 IN 2020
    * NUMBER OF DELIVERIES IN CONSUMER AND BUSINESS SEGMENTS
DECREASED
BY 17,251 IN Q1
    * IN Q1 EXPERIENCED NEGATIVE ONE-OFF EFFECT OF ABOUT 10,900
DELIVERIES FROM INNLANDSKRAFT TRANSACTION, PRIMARILY DUE TO STOP
OF SALES ACTIVITIES AND TERMINATION OF EIDSIVA BRAND
    * AT THE END OF FIRST QUARTER 2021, THE NUMBER OF  MOBILE
SUBSCRIBERS WAS 135 THOUSAND, A GROWTH  OF 2 THOUSAND
SUBSCRIBERS IN Q1
    * ONE-OFF EFFECT FROM TERMINATION WAS EXPECTED, HOWEVER,
EFFECT
WAS LARGER THAN ANTICIPATED
    * Q1  PROFIT FOR THE PERIOD AMOUNTED TO 134 NOKM (184 NOKM)

Source text for Eikon:  ID:nObiHrHM7a 
Further company coverage:  FKRAFT.OL 

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