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Report for the first quarter 2019

Financial and operating highlights 1Q 2019 (1Q 2018 in brackets):

· Operating revenues were NOK 1 687 million (NOK 1 411 million)
· EBITDA (operating result before depreciation, impairment, result from associates, finance and tax) was NOK 251 million (NOK 192 million)
· Depreciation was NOK 229 million (NOK 246 million)
· EBIT (operating result) was NOK 22 million (NOK -54 million)
· Net result after tax from continuing operations was NOK -200 million (NOK -167 million)

Renewable energy

· EBITDA NOK 384 mill. (NOK 283 mill.)
· Total generation up 12%
· Year on

Source: Report for the first quarter 2019

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