Lyse-group had in 2018 a profit after tax of NOK 1,1 billion. The underlying operating profit amounts to NOK 3,1 billion which is an improvement of NOK 1,2 billion compared to 2017. The results reflect a record-high hydropower production and solid operational performance in all business segments.
Lyse have divested its remaining shareholding of 30% in Skangas AS to the Finnish stately owned company Gasum OY, which now owns 100% of the shares in Skangas.
One of the world´s leading balance artists, Eskil Rønningsbakken, will perform at our stand to dramatize the role of hydro power in the future Europe.
The Lyse group recorded a result of NOK 520 million during the first six months of 2018 compared with NOK 492 during the first half of last year.
Altibox went against the grain, and increased its TV distribution in 2017. "Traditional TV content on the big screen is in good shape", says Chief Executive Offer at Altibox, Thomas Skjelbred.
The Lyse Group had a profit of NOK 1.9 billion in 2017. Underlying operating profit is at the level of 2016 and reflects good operational activity in all the business areas.
- The result reflects good underlying operations within the business areas energy, telecom and electricity grid, and the result is in line with our expectations, says CEO Eimund Nygaard.
The Lyse Group had an operating profit the first half year of 1290 million, an increase of 420 million compared with last year. The half year result is characterised by high power production, stable growth within telecommunications and power grid operations with few interruptions. Revenue of 51 per cent of the gain on the sale of the LNG plant in Risavika contributes 219 million in operating profit.
Lyse had a net profit of 708 million in 2015. Also last year was characterised by low power prices, and high production did not compensate for the drop in market prices for power. The telecom business area continues to grow, and has strengthened its market position also through last year.
Figures from 2018. For supplementary information see the official financial statements
In recent years, Lyse and Statnett have been working to establish a new electricity supply to the region. Sør-Rogaland is one of the areas in the country with the worst electricity supply reliability.
Smartly is Lyse's new focus on making the home safer, simpler and more eco-friendly. The customer controls the lighting, heating, alarm and many more home functions from a single remote control in a tablet computer or smartphone.
Lyse is building a new hydroelectric power plant in Lysebotn that will replace the current power plant. The new power plant uses existing reservoirs and dams, but utilises the resources better and thus increases the generation of renewable energy. This is one of the biggest hydroelectric power projects in Norway.
Triangulum is Stavanger, Manchester and Eindhoven's joint project under EU's Horizon 2020 programme to develop smart solutions for a sustainable urbanisation in the future.
Pursuant to the Norwegian Water Resources and Energy Directorate's regulation relating to AMS (automatic measurement systems), Lyse will be visiting all of its over 140,000 mains customers to install a new automatic electricity meter by 1 January 2019.
Lyse aims to utilise the potential for profitable developments within hydroelectric power. In addition to the new power plant in Lysebotn several smaller projects are being reviewed. To qualify for the electricity certificate scheme the projects must be put into production during the course of 2020.