In Q3, the Fjordkraft Group increased its number of deliveries by 1,753 in the Norwegian market.
The Consumer segment had a growth of 727 deliveries, the Business segment had a growth of 659 deliveries and Extended Alliance had a growth of 367 deliveries.
The Nordic segment had a decrease of 1,584 deliveries in the quarter. The development within the strategic customer segments was positive – the decrease was due to a decrease in tender customers with low profitability.
“We are very satisfied with the customer development this quarter, especially within the Consumer segment where we continue on the positive trend from the last part of Q2. After a long period of Covid restrictions the activity level of our physical sales channels is increasing. The Business segment delivers positive organic growth for the eighth consecutive quarter and the underlying growth in the Nordic segment is also positive” says Rolf Barmen, CEO of Fjordkraft.
The number of mobile subscribers decreased by 3,495 in the quarter.
“The New Growth Initiatives segment is also developing well. Extended Alliance is performing as planned, and we are looking forward to the migration to the MVNO platform for our Mobile business. This will enable new commercial opportunities and contribute to improved profitability in the segment” says Barmen.
The customer base of Fjordkraft Holding ASA at the end of Q3:
Consumer: 726,241 (+727)
Business: 111,629 (+659)
Nordic: 165,830 (-1,584)
Extended Alliance: 81,385 (+367)
Mobile: 130,654 (-3,495)
For queries, please contact:
Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526