The number of electricity deliveries decreased by 3,264 in the Consumer segment
and Business segment combined in the fourth quarter. 
Historically, the Consumer segment has comprised the brands Fjordkraft and
TrøndelagKraft. As from Q4, the segment also includes the Gudbrandsdal Energi
and Eidsiva Marked brands. In total, the number of deliveries in the segment
decreased by 5,982 in the quarter. 

The Business segment also comprises the above-mentioned brands as from Q4, and
the number of deliveries increased by 2,718 in the quarter. 

Extended Alliance grew with 9,892 deliveries in the quarter. 

Combined growth for all the electricity retail segments in Norway was 6,628
deliveries in the quarter. 

At quarter end, the Consumer segment comprised 755,304 electricity deliveries,
the Business segment comprised 106,977 electricity deliveries and Extended
Alliance comprised 56,010 deliveries.

Switch Nordic Green comprised 164,293 deliveries at quarter-end.

In total, the Group had 1,082,584 electricity deliveries at the end of the
fourth quarter 2020. This is an increase of 428,396 electricity deliveries
compared to the end of the fourth quarter 2019.

The number of mobile subscriptions in the Fjordkraft brand grew by 2,780 in the
fourth quarter of 2020, reaching a total of 125,194 subscriptions at the end of
the period. Including the 7,201 mobile subscriptions in Gudbrandsdal Energi,
this gives a total number of mobile subscribers of 132,395 for the Group. 

"The development in the Business segment is strong, while we see a negative
impact from Covid-19 in the Consumer segment, due to close down and
significantly lower activity from some of our most important distribution
channels. The growth within Alliance continues, and we are also satisfied with
reaching the targeted 125 thousand mobile subscribers in the Fjordkraft brand,"
says Rolf Barmen, CEO of Fjordkraft.

For queries, please contact:
Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

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