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Caruna Group 1 January – 30 June 2023: Caruna continued to invest in Finnish energy transition despite inflation and increasing costs in operating environment
Caruna is committed to investing and developing its electricity network to improve security of supply and enhance Finnish energy transition. However, due to cost increase in network construction and interest rates, Caruna had to monitor its investments more closely, which resulted in postponing some unprofitable investment projects.
Caruna in 2022: the energy crisis raised costs and accelerated the ongoing energy transition
Caruna's operating environment deteriorated significantly in 2022 due to the extraordinary changes taken by the regulator in the middle of the regulatory period and a general increase in costs due to the energy crisis triggered by the Ukraine war. The Group's net sales from January to December amounted to EUR 484.6 (499.8) million, and it invested EUR 133.6 (140.1) million. Net sales before financial expenses decreased in comparison with the previous year. Net financial expenses amounted to 121.0, which is approximately 25 per cent of net sales.
Construction of Carunas weatherproof electricity network progressed as planned in the first half of the year
The projects to improve the electricity network in Caruna's network areas proceeded despite the extraordinary circumstances brought on by the coronavirus epidemic. The total electricity supply volume on the distribution network between January and June decreased slightly due to a warmer winter and spring than in the previous year. The epidemic mainly affected consumption by businesses.
Hats off to the municipalities in Caruna's network area for occupational safety
Safety is a team effort at Caruna. We are not satisfied with fulfilling the letter of the law – we want to do more. That is why during the last 18 months, we have provided safety training for almost 700 employees of municipalities and their partners within the 51 municipalities of our network area. Safety
Caruna awarded the best classification in occupational safety by the Zero Accidents Forum
The Finnish Institute of Occupational Health's Zero Accidents Forum has once again issued safety classifications to its member companies. As in the previous four years, Caruna is in the best category: Among the best in the world.
Safety culture changes act by act
When a human error occurs on a site and safety is compromised, how do you raise the issue? Caruna's new safety coaches bring safety thinking and addressing skills forward in the organisation. Caruna always puts people's safety first. Everyone has the right to return home safely.
Safety is a team effort
An old Finnish saying goes: "There's one for every train". Some continue the saying: "... and some are left at the station". Sayings are always sayings, but there is wisdom behind them. We at Caruna agree that everyone is different. Nobody is, however, left at the station. Everyone is equally valuable.
Caruna in 2019: local progress is being made on building a reliable electricity network
Caruna is overhauling the electricity network at a healthy pace. An electricity network built to address future needs will be able to cope with higher electricity consumption and tolerate the stresses caused by climate change without long power cuts.
Safety is a team effort
An old Finnish saying goes: "There's one for every train". Some continue the saying: "... and some are left at the station". Sayings are always sayings, but there is wisdom behind them. We at Caruna agree that everyone is different. Nobody is, however, left at the station. Everyone is equally valuable.
Caruna to hand out awards for good safety performance today
Caruna handed out safety awards to Netel Oy, N3M Oy and Jaki-Matik Oy today. This is the fifth time Caruna has given safety awards, and the criteria for these awards were reliable partnership and exemplary individual performance in relation to safety.