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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.
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Second part of Caruna Oy's price increase to take effect from 1 August 2023

As cost increases have continued, Caruna will implement the second part of the projected price increase from 1 August 2023 in Caruna Oy. The price increase was split into two parts to mitigate the impact of the increases on customers, especially given the high energy costs in winter. The first part of the price increase took effect from 1 January 2023.
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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.
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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.
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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.
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