Distribution

Fortum owns and operates electricity distribution and regional networks and distributes electricity to a total of 0.9 million customers in Sweden.
 

Distribution segment review in Financial Statements Bulletin 2014

October - December 2014
In the fourth quarter of 2014, the volume of distribution and regional network transmissions totalled 3.9 (7.1) TWh and 3.5 (4.3) TWh, respectively. Volumes in Sweden were in line with last year.

The Distribution Segment's comparable operating profit was EUR 67 (76) million.
Operating profit totalled EUR 66 (75) million.

The lower volume in total, compared to the same period in 2013, was due to the divestment of the Finnish electricity distribution business in the first quarter and the Norwegian distribution business in the second quarter of 2014.

January – December 2014

In 2014, the volume of distribution and regional network transmissions totalled 17.6 (26.1) TWh and 13.8 (16.3) TWh, respectively. Volumes were lower due to warmer weather, especially during the first quarter of 2014. The lower total volume was mainly due to the divestment of the Finnish and Norwegian distribution businesses.

The Distribution Segment's comparable operating profit was EUR 266 (332) million. The decrease was mainly due to the very mild weather during the first quarter and to the divestment of the electricity distribution business in Finland that was finalised at the end of March.

Operating profit totalled EUR 2,132 (349) million and was affected by sales gains totalling approximately EUR 1,865 billion from the Finnish and Norwegian electricity distribution businesses (Note 6).

2/4/2015

X