Page 1 Created with Sketch. Page 1 Created with Sketch. Page 1 Created with Sketch. Page 1 Created with Sketch. Artboard 1 copy 14Artboard 1 copy 7Artboard 1 copy 66Artboard 1 copy 23Artboard 1 copy 16Artboard 1 copy 55Artboard 1 copy 43Artboard 1 copy 50Artboard 1 copy 54Artboard 1 copy 34Artboard 1 copy 51Artboard 1 copy 36Artboard 1 copy 35Artboard 1 copy 46Artboard 1 copyArtboard 1 copy 31Artboard 1 copy 48Artboard 1 copy 9Artboard 1 copy 27Artboard 1 copy 8Artboard 1 copy 20Artboard 1 copy 2Artboard 1 copy 24Artboard 1 copy 62Artboard 1 copy 30Artboard 1 copy 41Artboard 1 copy 28Artboard 1 copy 26Artboard 1 copy 67Artboard 1 copy 52Artboard 1 copy 33Artboard 1 copy 29Artboard 1 copy 19Artboard 1 copy 53Artboard 1 copy 22Artboard 1 copy 21Artboard 1 copy 12Artboard 1 copy 13Artboard 1 copy 47Artboard 1 copy 49Artboard 1 copy 57Artboard 1 copy 32Artboard 1 copy 4Artboard 1 copy 25Artboard 1 copy 10Artboard 1 copy 15Artboard 1Artboard 1 copy 56Artboard 1 copy 11Artboard 1 copy 38Artboard 1 copy 65Artboard 1 copy 39Artboard 1 copy 5Artboard 1 copy 58Artboard 1 copy 6Artboard 1 copy 17Artboard 1 copy 40Artboard 1 copy 60Artboard 1 copy 3Artboard 1 copy 45Artboard 1 copy 18Artboard 1 copy 42Artboard 1 copy 61Artboard 1 copy 63Artboard 1 copy 64Artboard 1 copy 59Artboard 1 copy 44Artboard 1 copy 37 Combined Shape Created with Sketch. icon/info Created with Sketch. icon/info Created with Sketch. Group 17 Created with Sketch. Fill 1 Created with Sketch. Page 1 Created with Sketch. 99021DFE-DB58-4EE2-9D52-C2BF154A8B0A Created with sketchtool. Oval 2 Created with Sketch. Combined Shape Created with Sketch. Combined Shape Copy Created with Sketch. Group 18 Created with Sketch. Group 16 Created with Sketch. Page 1 Created with Sketch. ; ;
« Back to search
15.2.2008 10:00
Stock Exchange Releases

Fingrid Group's annual review and financial statements 2007

Total electricity consumption in Finland in 2007 amounted to 90.3 terawatt hours (90 TWh in 2006), of which Fingrid transmitted 68.4 terawatt hours in its grid. Electricity consumption increased by 0.3 per cent on the previous year.
Revenue of the Fingrid Group in 2007 was 335 million euros (351 million euros in 2006).
 
The operating profit of the group was 91 (80) million euros, which contains 12 (-18) million euros of positive change in the fair value of electricity derivatives. Operating profit excluding the change in the fair value of electricity derivates was 79 (98) million euros.The Group's profit for the year was 42 (38) million euros.
 
The return on investment was 7.3 (6.4) per cent and the return on equity 10.3 (10.4) per cent. The equity ratio was 27.5 (25.5) per cent at the end of the review period.
 
The Group’s gross capital expenditure in 2007 was 79 million euros (70 million euros).
 
There has been no material events or changes in Fingrid´s business or financial situation after the closing of the final year. The financial result for the current year is expected to decrease somewhat on the previous year as a result of increased expenses. The grid tariff was raised by 4.5 per cent at the beginning of 2008.
 
These financial statements have been audited. Annual review and financial statements are attached.
 
Additional information:
Jukka Ruusunen, President and Chief Executive Officer, tel. +358 30 395 5140 or +358 40 593 8428
Tom Pippingsköld, Chief Financial Officer, tel. + 358 30 395 5157 or +358 40 519 5041