Fjordkraft Holding ASA: Q2 2019 customer growth

In the second quarter of 2019, the number of electricity deliveries increased by 1,471 in the Consumer segment and decreased by 560 in the Business segment, all of which organic. The number of electricity deliveries in the Consumer and Business segments at the end of Q2 2019 was 607,563.

At the end of the second quarter 2019, Extended Alliance comprised 34,391 electricity deliveries, an increase of 569 electricity deliveries from last quarter.

In total, the Group had 641,954 electricity deliveries at the end of the second quarter 2019. This is an increase of 20,476 electricity deliveries compared to the end of the second quarter 2018.

“We are still seeing some effects from the implementation of Elhub and given this we are happy with our growth. The Consumer segment is showing a positive trend, and fluctuations in the Business segment is normal as tender customers joins or leaves us” says Rolf Barmen, CEO of Fjordkraft.

The number of mobile subscriptions grew by 9,446 in the second quarter of 2019, reaching a total of 81,094 subscriptions at the end of the period.

“This quarter’s growth has been very strong. We have grown to more than 80,000 mobile subscribers, further strengthening our position as the largest mobile supplier without its own network” says Barmen.

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