Annual Report 2014 | Suomeksi |

Distribution

Fortum owns and operates electricity distribution and regional networks, and distributes electricity to a total of 0.9 million customers in Sweden.

EUR million 2014 2013 Change
14/13
Sales 751 1,064 ‑29%
‑ distribution network transmission 590 896 ‑34%
‑ regional network transmission 120 129 ‑7%
‑ other sales 41 39 5%
Operating profit 2,132 349 511%
Comparable operating profit 266 332 ‑20%
Comparable EBITDA 416 548 ‑24%
Net assets (at period‑end) 2,615 3,745 ‑30%
Return on net assets, % 73.6 9.3 691%
Comparable return on net assets, % 9.3 8.8 6%
Capital expenditure and gross investments in shares 147 255 ‑42%
Number of employees 390 805 ‑52%

In 2014, the volume of distribution and regional network transmissions totalled 17.6 TWh (2013: 26.1) and 13.8 TWh (2013: 16.3), respectively. Volumes were lower due to warmer weather, especially during the first quarter of 2014. The lower total volume was mainly due to the divestment of the Finnish and Norwegian distribution businesses.

The Distribution Segment's comparable operating profit was EUR 266 million (2013: 332). The decrease was mainly due to the very mild weather during the first quarter and to the divestment of the electricity distribution business in Finland that was finalised at the end of March.

Operating profit totalled EUR 2,132 million (2013: 349) and was affected by sales gains totalling approximately EUR 1,865 billion from the Finnish and Norwegian electricity distribution businesses.

Volume of distributed electricity in distribution network
TWh 2014 2013   Change
14/13
Sweden 13.7 14.1 ‑3%
Finland 2.8 9.5 ‑71%
Norway 1.1 2.5 ‑56%
Total 17.6 26.1 ‑33%
Number of electricity distribution customers by area
Thousands Dec 31 2014 Dec 31 2013   Change
14/13
Sweden 906 903 0%
Finland 642
Norway 103
Total 906 1,648 ‑45%
Volume of distributed electricity
by area, TWh
Number of electricity distribution
customers by area, thousands
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