FINGRID GROUP – MANAGEMENT’S REVIEW 1.1.−31.3.2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2025
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Source: Globenewswire
Financial Performance Overview: Fingrid reported a significant decrease in turnover for January-March 2025 compared to the previous year, with a turnover of €370.7 million and an operating profit of €119.5 million. Despite lower electricity consumption due to a mild winter, the company's financial position remained strong, with net cash flow from operations increasing significantly.
Operational Developments: The company maintained a high transmission reliability rate of 100% and connected 432 MW of renewable production capacity to the main grid. Progress was made towards a 15-minute electricity market, and repairs on the EstLink 2 transmission connection are expected to be completed by mid-July 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
