Gasum Group Releases 2023 Financial and Sustainability Reports

Gasum Group Releases 2023 Financial and Sustainability Reports

(IN BRIEF) Gasum Group has made its annual reports for the year 2023 available on its website, comprising the annual review, sustainability report, and governance and remuneration report. The financial review highlights a 44.0 percent decrease in revenue to EUR 1,456.9 million, attributed to lower gas market prices, with an operating profit (EBIT) of EUR 45.1 million. The sustainability report showcases achievements such as the delivery of 7 TWh of biogas, enabling 565,000 tons of CO2eq emission savings, and managing nearly 1,000,000 tons of waste through biogas production. Notably, 25% of total energy sold were renewable, demonstrating Gasum’s commitment to sustainability and renewable energy solutions amidst market challenges.

(PRESS RELEASE) ESPOO, 15-Mar-2024 — /EuropaWire/ —

Gasum Group’s annual reports on year 2023 are now available online on Gasum’s website. The available reports include:

• Gasum Group annual review 1 January–31 December 2023
• Sustainability report 2023
• Governance and remuneration report 2023

The sustainability report includes a review on Gasum’s green funding impact for 2023.

Key figures from Gasum’s 2023 financial review:

• The Group’s revenue decreased by 44.0 percent to EUR 1,456.9 (EUR 2,601.8) million due to lower gas market prices.
• Operating profit (EBIT) was EUR 45.1 (EUR 149.9) million. Adjusted operating profit (EBIT) was EUR -3.8 (EUR 37.1) million
• Balance sheet total came to EUR 1,637.9 (EUR 1,947.3) million
• Equity ratio was 35.6 (28.3) percent
• Sales volumes decreased by 20 percent compared to 2022 mainly due to lower pipeline natural gas volumes and were 12.5 (15.6) TWh.

Key figures from Gasum’s 2023 sustainability report:

• 7 TWh of biogas delivered
• 565,000 tons of CO2eq emission savings enabled with biogas – up by 27% from 2022
• Almost 1,000,000 tons of different types of waste managed through biogas production
• 25% of total volumes of energy sold were renewable (biogas and power) – up from 21% in 2022
• 3 TWh worth of renewable electricity Guarantees of Origin traded

Find the full reports here

Media Contacts:

Kai Laitinen
Chief Financial Officer
+358 40 500 2080
kai.laitinen@gasum.com

Olga Väisänen
Vice President, Communications and Sustainability
+358 40 55 40 578
olga.vaisanen@gasum.com

SOURCE: Gasum Ltd