July 26, 2017 1:02 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of E-CO Energi AS

Company Overview

E-CO Energi AS operates hydro power plants which produce electricity. It engages in development of new renewable power projects. E-CO Energi AS was formerly known as E-CO Vannkraft AS and changed its name to E-CO Energi AS in April 2011. The company was founded in 1996 and is based in Oslo, Norway. E-CO Energi AS operates as a subsidiary of E-CO Energi Holding AS.

C.J. Hambros plass 2C

Oslo,  0164

Norway

Founded in 1996

Phone:

47 24 11 65 00

Fax:

47 24 11 65 01

Key Executives for E-CO Energi AS

Chief Executive Officer and President
Age: 55
Chief Financial Officer and Vice President
Age: 52
Vice President of HR and Communications
Compensation as of Fiscal Year 2017.

E-CO Energi AS Key Developments

E CO Energi AS Reports Earnings and Production Results for the First Half of 2016

E CO Energi AS reported earnings and production results for the first half of 2016. The group's power production aggregated 5,531 GWh in first half of 2016. The group produced 5,235 GWh of power in the same months of 2015. For the period, operating revenues came to NOK 1,310 million (NOK 1,379 million), equivalent to a reduction of 5%. The decline is ascribable to lower actual selling prices due to substantially lower contributions to income from hedging contracts. Higher production offset roughly half of the decline in the actual selling price. Profit after tax came to NOK 293 million, marking a decline of NOK 57 million year-on-year.

E-CO Energi AS Reports Consolidated Earnings and Production Results for the Year Ended 2015; Provides Earnings Guidance for the Year 2016

E-CO Energi reported consolidated earnings and production results for the year ended 2015. The company's operating revenues totaled NOK 2,511 million, compared with NOK 2,863 million in 2014. The decline is due to lower selling prices. The net profit for the year was NOK 533 million, compared with NOK 713 million in 2014. The profit before taxes came to NOK 1,116 million, compared with NOK 1,491 million in 2014 that included a gain of NOK 49 million from the sale of shares in Norsk Gronnkraft. The cash flow from operating activities added up to NOK 689 million, compared with NOK 694 million last year. The company announced that consolidated annual production in 2015 was 10,561, on a par with the year before. The group expects lower profits in future in the light of the forward prices for 2016 and later.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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