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Guidance
27 October 2026 | 5 August 2026 Guidance increase | |
|---|---|---|
| Guidance 2026 | EURm | EURm |
| Group revenue base scenario | 340-360 | 300-320 |
| EBITDA base scenario | 420-440 | 380-400 |
| Group revenue high scenario | 320-340 | |
| EBITDA high scenario | 400-420 |
| 5 August 2026 Guidance increase | ||
|---|---|---|
| Guidance 2027 | EURm | |
| Group revenue base scenario | 320-340 | |
| EBITDA base scenario | 240-260 | |
| Group revenue high scenario | 370-390 | |
| EBITDA high scenario | 280-300 |
Guidance assumptions
27 October 2026 | 5 August 2026 Guidance increase | |
|---|---|---|
| Guidance increase 2026 | Base scenario 2026 & 2027 | High scenario 2026 & 2027 |
| Oil: 95 USD/BBL | Oil: 75 USD/BBL | Oil: 85 USD/BBL |
| Gas: 3.00 USD/MMBTU | Gas: 3.50 USD/MMBTU | Gas: 4.00 USD/MMBTU |
| EUR/USD: 1.12 | EUR/USD: 1.15 | EUR/USD: 1.15 |
| Annual production in 2026: over 19,000 BOEPD | Annual production in 2026: 18,500 to 20,000 BOEPD | |
| Capital expenditure for 2026: 320 to 340 EURm | Capital expenditure for 2026: 310 to 330 EURm |