In Kymenlaakso, wonder at KSS Energia’s profit figures remaining inside the dark – “We hold to put together for diverse eventualities”

The energy corporation owned through the city of Kouvola has brought on astonishment in Kymenlaakso KSS Energia notification of effects. In connection with the publication of the interim file for January-April, the group did not report its working income for the start of the yr.

As such, unlisted companies do now not even must submit their meantime results.

KSS Energia has previously introduced its operating profit similarly to its turnover, so the announcement differs from, for example, closing 12 months, whilst the organization announced the organization’s turnover of sixty seven.2 million euros as well as its working income of 2.7 million euros.

Kouvola’s Sanomat and Yle have mentioned on the dearth of economic reporting.

A 12 months ago, KSS Energia justified the extent of running earnings by using announcing that “the result was weakened by using 3 enormous activities: The paper industry strike, which stopped Kymi Voima’s manufacturing centers for extra than a month at the turn of the year, a write-down of EUR five.7 million on our investments concerning the Hanhikivi nuclear strength plant after Fennovoima Oy canceled the Rosatom facility settlement, and Russia the attack on Ukraine, which had widespread results on, as an example, the fee of gasoline and the shopping conduct of customers.”

This yr, the meantime document didn’t even inform about turnover, however it was stated that it became 15 percent more than the previous year.

Kauppalehti’s analyst Ari Rajalan consistent with this, a fifteen percent increase in turnover might imply that the turnover within the starting of the year turned into seventy seven.Three million euros and the running end result will possibly be inside the variety of more than 10 million euros, i.E. At least thirteen percentage of the turnover.

“Comparing the intervening time reviews of different years tough”

KSS Energia commented at the situation these days on its internet site. CEO of KSS Energia Group Marko Riipinen According to

In Riipinen’s opinion, some distance-reaching conclusions concerning the cease of the yr cannot be drawn from the agency’s figures regarding the employer’s financial development at the beginning of the year in a turbulent marketplace.

Riipinen justifies that because of those reasons, the content of the reporting of the interim document in the bulletin centered extra commonly on the key figures of the working surroundings and giant events at some stage in the overview length. According to him, this kind of evaluate serves high-quality in a scenario in which predicting market improvement is still difficult.

According to Riipinen, the organization maintains to put together for various scenarios and strengthens its ability to put together for adjustments with appropriate hazard control.