EAM: Q2 2014 financial report
21st of October 2014
The highlights from the report are as follows:
The main activity in the third quarter was the acquisition of the P31 portfolio. A partial closing including 21 of the 31 power plants was executed on the 15th of July.
The reported Q3 power production was 10,2 GWh, 14% below seasonal average, bringing the first nine month's production to 15 GWh equivalent to 9% below normal for the period.
Reported EBITDA in the quarter was EUR 2,7m, adjusted for P31 acquisition costs, EBITDA was EUR 2,9m. A higher cost of operations in the quarter is related to maintenance and increased scope of operations, due to the P31 purchase.
For further information contact:
Viktor E Jakobsen, Executive Director, phone +47 9161 1009, viktor@eam.no
Audun W. Iversen, CEO, phone +47 9161 6250, audun@eam.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
