Nuon noted that the increase in the reported net turnover was mainly attributable to a higher net electricity turnover. The net gas turnover decreased due to lower sales on account of the relatively warm weather in the first half of 2007.
The reported net profit increased by 15% to E875 million for the full year 2007, compared to E763 million for the full year 2006. The strong performance of the production and trading activities in 2007 was the most important cause of this increase, the company said.
Nuon reported a net profit of E210 million for the fourth quarter of 2007, compared to a loss of E10 million for the same quarter in 2006. According to Nuon, the favorable development of results was mainly due to higher margins on the production of electricity and increased electricity production due to the improved availability of power stations.
Ludo van Halderen, CEO, said: Nuon can look back on an exceptionally good year. Though the increase in the profit mainly came from our production and trading activities, we see splendid results across the whole company. The favorable results in the past years enable us to continue investing in new technologies in order to make the energy supply more sustainable.
