Bergen, 27 February 2025: Scana reports revenue growth in the last quarter, up from the same period in 2023, driven by contributions from both offshore and energy, reflecting sustained market activity.
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· Revenue NOK 448 million
· EBITDA NOK 26 million
· EBITDA margin 5,9 %
· Order intake NOK 329 million
· Order backlog NOK 1008 million
The Energy division has strengthened its energy storage portfolio taking a strong position in the Nordic and Baltic energy transition. Frame agreements for BESS and module deliveries to data centers provide a solid platform for future growth. EBITDA saw a significant increase, driven by an improved product mix.
The Offshore division continues to deliver strong underlying margins across subsea, surface treatment, and mechanical project deliveries. International expansion remains a priority, with a new joint venture in Singapore for valve control systems and continued focus on the Namibian oil & gas market.
The overall EBITDA margin declined in the quarter due to one-off costs. Excluding this impact, the underlying profitability remains stable, and the company continues to focus on operational efficiency and margin improvements going forward. The business model remains robust, with key growth drivers intact. A low debt ratio provides financial flexibility and capacity for further strategic initiatives.
Overall, 2024 has been a good year for Scana, with revenues of 1970 million, an EBITDA of 261 million, corresponding to an EBITDA-margin of 13,2%. In 2024 Scana paid out dividends to its shareholders for the first time since 2010.
Q4 Presentation
Today, at 10:00 CET, Scana will present the Q4 2024 results in an online session via Investorweb. The presentation will be held by Pål Selvik, CEO, and Torvald Ulland Reiestad, CFO.
The webcast presentation can be viewed at this link: SCANA | Scana Q4 2024 Webcast
The presentation will be available for replay shortly afterward on Scana’s website: www.scana.no.
For more information, please contact:
Pål Selvik, CEO, +47 970 46 502
Torvald Ulland Reiestad, CFO, +47 979 87 895
Scana in brief
Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has above 600 employees. www.scana.no
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