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Caruna Group 1 January – 30 June 2022: Significant changes in the operating environment – the energy transition requires development of the electricity network at a rapid rate
Caruna's operating environment deteriorated significantly in the first half of 2022 due to the exceptional tightening measures taken by the regulator in the middle of the regulatory period, as well as the general increase in costs. The alterations to the regulation model will cause the company's permitted returns to decrease by approximately 40 per cent this year in comparison with 2021. The changes will show in the revenues of the years to come. The Group's net sales from January to June amounted to EUR 253.6 (258.9) million, and it invested EUR 58.5 (60.9) million.
Noora Neilimo-Kontio appointed as Caruna's CFO and deputy CEO
Caruna's SVP People, Public Affairs & Regulation, Noora Neilimo-Kontio, MSc (Econ.), was appointed as Caruna's CFO and deputy CEO as of 13 June 2022. She reports to CEO Jyrki Tammivuori.
Jyrki Tammivuori appointed CEO of Caruna as of 13 May 2022
Caruna’s Board of Directors has appointed Jyrki Tammivuori, M.Sc (Econ) CEO of Caruna as of 13 May, 2022. Tammivuori has been working for Caruna since 2015, first as CFO. Since 2018 Tammivuori has held the position of CFO and deputy CEO at Caruna. Tammivuori was appointed Acting CEO of Caruna in March 2022.
Caruna's Annual Report 2021 published
The Caruna Group (Caruna) Annual Report for 2021 has been published at caruna.fi/vuosiraportti2021. The Annual Report contains sections on Corporate Responsibility and Governance and, as separate pdf files, also the ESG indicator section that summarises number data, as well as the financial statements for 2021.
Caruna’s Annual Report 2020 published
The Caruna Group (Caruna) Annual Report for 2020 has been published. The Annual Report also includes the Corporate Responsibility and the Corporate Governance sections, and the 2020 Financial Statements as a separate PDF file.
Crowd efforts further improve electricity network safety – Caruna and Posti continue collaboration
Ensuring the security and as needed, repairs of the electricity network is the most crucial part of the service provided by Caruna to its customers. Pilot collaboration of Caruna and Posti started in 2018 expands in the summer of 2019.
The accumulator storage of Fortum and Caruna improves the reliability of the electricity system
Climate change and the energy transition towards renewable and weather-dependent energy sources create requirements for the balance of the electricity system. Fortum and Caruna have together developed solutions for securing reliability of supply in the future.
Caruna and municipalities are working together to hire young people for summer jobs in municipalities
During this challenging pandemic period, Caruna wants to support the municipalities in its area and help them recruit young people aged 16 to 20 for summer jobs. Each municipality participating in the Duunienergiaa (Work Energy) campaign receives 4,000 euros for this purpose. Currently, 29 municipalities across Finland have already registered for the campaign. The municipality of Isojoki in South Ostrobothnia was the first to join the campaign.
Caruna offers its private customers a free three months' respite for payment and expedites the payment of invoices to contractors
The option to extend the payment deadline applies to all of Caruna's private customers, around 600,000 in total. By this measure, Caruna wants to do its part in helping to alleviate the financial impacts of the coronavirus epidemic on its customers.