Statkraft Q3 2023 Earnings Results

Statkraft reported solid Q3 2023 financial results with underlying EBIT of 4.9 BNOK and net profit of 4.4 BNOK, despite significant drops in European power prices. The company expanded its renewable energy portfolio through acquisitions in Germany, France, Brazil, and Ireland, while also acquiring early-phase wind power development portfolios in Sweden.