Dutch power firm Nuon saw first quarter sales fall 4% because of the relatively warm weather, the company announced on Monday. Turnover fell from €1.8bn to €1.7bn. Net profit, however, was up 55% at €318m, due to lower debt servicing charges and savings on staffing costs.
In particular, net gas sales were down 21% but this was largely offset by a 22% increase in electricity sales.
Financie director Doed Vierstra told ANP news agency that Nuon had lost ‘several thousand customers,’ in the first quarter. ‘It was a small drop, but competition is increasing,’ he said.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation