Statkraft Maintains Steady Q1 Profit Despite Lower Earnings, Scales Back Hydrogen Development

Norwegian state-owned utility Statkraft reported stable net profit of NOK 6.8 billion (€578 million) for the first quarter of 2025, unchanged from the same period a year earlier, despite a decline in underlying earnings before interest, tax, and depreciation (EBIT). “This stability was primarily due to positive currency effects of NOK 3.1 billion under financial