FilingReader Intelligence
Statkraft posts NOK6.5bn loss despite strong operations
July 22, 2025 at 02:16 PM UTC•By FilingReader AI
Statkraft reported a NOK6.5bn net loss in Q2 despite strong underlying EBITDA of NOK4.5bn, driven by record hydropower generation and new wind capacity.
The loss was caused by NOK6.3bn in impairments from updated long-term price forecasts and financial hedging losses amid lower Nordic power prices.
The company is refocusing strategy to cut costs by NOK2.9bn annually by 2027.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
OSL:STAEN•Oslo Stock Exchange
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