Bergen, 21 May 2026: Scana ASA delivered a good quarter, with revenue of NOK 417 million, EBITDA of NOK 51 million and an order backlog of NOK 1,084 million. The positive development demonstrates strong discipline across the company and improved profitability. The market has been quieter than desired, but the pipeline remains strong within both oil and gas and electrification.
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• Revenue NOK 417 million
• EBITDA NOK 51 million
• EBITDA margin 12 %
• Order intake NOK 312 million
• Order backlog NOK 1,084 million
The Offshore division delivered a quarter of solid activity and strong earnings. At Mongstad, several segments showed clear improvement, particularly Fabrication. The cost base has been adapted to current market conditions, and the focus is now on increased efficiency and higher activity. Mongstad Industrier has been merged into PSW Technology to better utilize synergies and strengthen the position around Mongstad and Fensfjorden. In addition, Subseatec S AB in Sweden secured a contract for riser components for an oil and gas project in Malaysia.
The Energy division continued its positive development during the quarter. The organization remains well positioned for further growth, with the capabilities and capacity needed to scale as market activity is expected to increase. The pipeline is solid, particularly within shore power combined with batteries and e-house modules for the oil and gas market.
Q1 Presentation
Scana’s Q1 2026 results will be presented today at 10:00 CEST by CEO Baste Tveito and CFO Morten Riiser, followed by a live Q&A session.
The webcast presentation can be viewed at this link:
webcastdetail | Investorweb
The presentation will be available for replay shortly afterward on Scana’s website, www.scana.no.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 21 May 2026 at 08:00 CEST.
For more information, please contact:
Baste Tveito, CEO, Scana ASA, +47 916 69 641
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 around 500 employees. www.scana.no
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