Scatec (SCATC)

TekBot · juli 17, 2020, 5:01am

Scatec Solar ASA: Power production doubled - progressing large project opportunities

Oslo, 17 July 2020: Scatec Solar’s second quarter 2020 proportionate revenues
reached NOK 925 million (1,648) with an EBITDA of NOK 417 million (388) and
associated EBITDA margin of 45%. Power production reached 406 GWh on
…

Vis børsmeldingen

proportionate basis, a doubling of electricity production from the same quarter
last year.

As the current portfolio of projects under construction is almost complete,
second quarter revenues decreased compared with the same quarter last year,
partly offset by higher power production revenues. With a larger portfolio of
power plants in operation, the Power Production segment delivered strong growth
in both revenues and EBITDA, resulting in a 73 % increase in EBITDA to NOK 374
million compared to the same quarter last year. The change in segment mix
results in a higher EBITDA margin for the Group also this quarter.

“I’m proud of our people who have maintained stable operations and ensured
continued power deliveries to our customers during challenging times, and we are
completing our construction projects in the second half of this year. Even
though COVID-19 continues to impact some solar markets, we are growing our
pipeline. With available liquidity of NOK 3.6 billion we are progressing several
large project opportunities across emerging markets”, says Raymond Carlsen, CEO
of Scatec Solar.

Scatec Solar’s second quarter consolidated revenues reached NOK 725 million
(376), with EBITDA at NOK 580 million (290). The consolidated net profit was
negative NOK 81 million, impacted by an unrealised currency loss of NOK 169
million. The corresponding figures for the previous quarter were consolidated
net profit of NOK 299 million, impacted by a NOK 320 million currency gain. At
the date of reporting, the Company had a total backlog and pipeline of 6.1 GW.

For the first six months of 2020, Scatec Solar’s proportionate revenues reached
NOK 1,791 million (3,177) with an EBITDA of NOK 763 million (703) and associated
EBITDA margin of 43%.

For further details, please see the attached second quarter report and
presentation.

EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
attached quarterly report on pages 34-37.

A presentation of the results followed by a Q&A session will be held through a
live webcast today at 08:30 am CEST. You can follow the webcast from our
website: www.scatecsolar.com (http://www.scatecsolar.com), or this direct
link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200717_2. You
may ask questions through the webcast solution or email your question in advance
to ir@scatecsolar.com (mailto:ir@scatecsolar.com).

For further information, please contact:
Mikkel Tørud, CFO, tel: +47 976 99 144, ir@scatecsolar.com
(https://www.globenewswire.com/Tracker?data=_ktw5MrbO4W9IlNqiM-dhN-
jkEWm1FbN7nWnE8jFuCUlEdTUYU5XlAJVLuoywCYCCfqDBaKIn4hqy8EBFmp7ltWolPLu4Lo0T9sEQy8
2O5g=)
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364,
ingrid.aarsnes@scatecsolar.com (https://www.globenewswire.com/Tracker?data=3wM9-
MVWYrnHXLu7b0w8cPPyo91n2SQioW5e8-
Hhj92Ym1bCOkbcdlI8SkRrJQGe6A6A2I7pgMarzsAiyyXM4PwrWdf76Q8wNTmMf5SPVRIj9ZlUspskns
7iMYyZjmKA)

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering
affordable, rapidly deployable and sustainable clean energy worldwide. A long-
term player, Scatec Solar develops, builds, owns, operates and maintains solar
power plants and has an installation track record of more than 1.6 GW. The
company has a total of 1.9 GW in operation and under construction on four
continents.

With an established global presence and a significant project pipeline, the
company is targeting a capacity of 4.5 GW in operation and under construction by
end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the
Oslo Stock Exchange under the ticker symbol ‘SSO’. To learn more,
visit www.scatecsolar.com (http://www.scatecsolar.com).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juli 17, 2020, 5:02am

Scatec Solar ASA: Power production doubled - progressing large project opportunities

Oslo, 17 July 2020: Scatec Solar’s second quarter 2020 proportionate revenues
reached NOK 925 million (1,648) with an EBITDA of NOK 417 million (388) and
associated EBITDA margin of 45%. Power production reached 406 GWh on
…

Vis børsmeldingen

proportionate basis, a doubling of electricity production from the same quarter
last year.

As the current portfolio of projects under construction is almost complete,
second quarter revenues decreased compared with the same quarter last year,
partly offset by higher power production revenues. With a larger portfolio of
power plants in operation, the Power Production segment delivered strong growth
in both revenues and EBITDA, resulting in a 73 % increase in EBITDA to NOK 374
million compared to the same quarter last year. The change in segment mix
results in a higher EBITDA margin for the Group also this quarter.

“I’m proud of our people who have maintained stable operations and ensured
continued power deliveries to our customers during challenging times, and we are
completing our construction projects in the second half of this year. Even
though COVID-19 continues to impact some solar markets, we are growing our
pipeline. With available liquidity of NOK 3.6 billion we are progressing several
large project opportunities across emerging markets”, says Raymond Carlsen, CEO
of Scatec Solar.

Scatec Solar’s second quarter consolidated revenues reached NOK 725 million
(376), with EBITDA at NOK 580 million (290). The consolidated net profit was
negative NOK 81 million, impacted by an unrealised currency loss of NOK 169
million. The corresponding figures for the previous quarter were consolidated
net profit of NOK 299 million, impacted by a NOK 320 million currency gain. At
the date of reporting, the Company had a total backlog and pipeline of 6.1 GW.

For the first six months of 2020, Scatec Solar’s proportionate revenues reached
NOK 1,791 million (3,177) with an EBITDA of NOK 763 million (703) and associated
EBITDA margin of 43%.

For further details, please see the attached second quarter report and
presentation.

EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
attached quarterly report on pages 34-37.

A presentation of the results followed by a Q&A session will be held through a
live webcast today at 08:30 am CEST. You can follow the webcast from our
website: www.scatecsolar.com (http://www.scatecsolar.com), or this direct
link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200717_2. You
may ask questions through the webcast solution or email your question in advance
to ir@scatecsolar.com (mailto:ir@scatecsolar.com).

For further information, please contact:
Mikkel Tørud, CFO, tel: +47 976 99 144, ir@scatecsolar.com
(https://www.globenewswire.com/Tracker?data=_ktw5MrbO4W9IlNqiM-dhN-
jkEWm1FbN7nWnE8jFuCUlEdTUYU5XlAJVLuoywCYCCfqDBaKIn4hqy8EBFmp7ltWolPLu4Lo0T9sEQy8
2O5g=)
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364,
ingrid.aarsnes@scatecsolar.com (https://www.globenewswire.com/Tracker?data=3wM9-
MVWYrnHXLu7b0w8cPPyo91n2SQioW5e8-
Hhj92Ym1bCOkbcdlI8SkRrJQGe6A6A2I7pgMarzsAiyyXM4PwrWdf76Q8wNTmMf5SPVRIj9ZlUspskns
7iMYyZjmKA)

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering
affordable, rapidly deployable and sustainable clean energy worldwide. A long-
term player, Scatec Solar develops, builds, owns, operates and maintains solar
power plants and has an installation track record of more than 1.6 GW. The
company has a total of 1.9 GW in operation and under construction on four
continents.

With an established global presence and a significant project pipeline, the
company is targeting a capacity of 4.5 GW in operation and under construction by
end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the
Oslo Stock Exchange under the ticker symbol ‘SSO’. To learn more,
visit www.scatecsolar.com (http://www.scatecsolar.com).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

pleximus83 · juli 17, 2020, 6:07am

kl: 08:30 får vi presentasjon

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200717_2

TekBot · juli 22, 2020, 5:01am

Scatec Solar ASA: Ex. dividend NOK 0.95 today

pleximus83 · juli 22, 2020, 12:16pm

https://finansavisen.no/nyheter/bors/2020/07/22/7549725/silisiumprisen-stiger-20-prosent

Bingo123 · juli 22, 2020, 2:47pm

Derfor den ble trykket ned i dag? (Vet at det var ex utbytte i dag)

pleximus83 · juli 22, 2020, 9:56pm

aksjen har da gått noe voldsomt de siste ukene,så det kan være en “normal” teknisk gevinstsikring,i tillegg til ex-utbytte,pluss litt ekstra snacks som ny covid-bølge i tillegg til høyere scilisium pris,…yeah

men utbyggingen forblir og fortsetter de neste 20 årene,tror jeg

pleximus83 · august 11, 2020, 7:15pm

TekBot · august 20, 2020, 12:11pm

Renteregulering

blubba · august 25, 2020, 2:35pm

Oppkjøp på gang…Bare lurer?

hydox · august 25, 2020, 2:46pm

Ser topp50 fortsetter å øke, og Equinor har passert 15% nå, så det skaper jo kjøpspress i alle fall.

larslars · september 7, 2020, 9:07am

Noen som har teorier eller tanker om fredagens fall?

Moose · september 7, 2020, 9:15am

Tror det bare var gevinstsikring. Jeg vurderte å selge på starten av dagen dersom kursen var over 185, men det ble ikke noe av. Kun for å ha litt cash til høsten. Det er greit at det ikke ble noe av. Tror denne vil få en fin utvikling også til neste år spesielt dersom de dobler utbytte.

Fornybar · september 7, 2020, 9:26am

Jeg synes fredagens fall vitner om at aksjen er sterkt avhengig av makro og knyttet til de amerikanske indeksene. Jeg er ekstra forsiktig med SSO så lenge det ser ut til å være rocky over dammen.

blubba · september 7, 2020, 2:42pm

Konklusjonen min er: Faller SSO ca 5% ,så kjøper jeg mer,har funka bra så langt.
For de som fikk med seg kvartalframleggelsen,så er det mye og glede seg til!

TekBot · september 16, 2020, 6:09am

Disclosure of Significant Shareholding under the Norwegian Securities Trading Act

larslars · september 16, 2020, 6:36am

Spennende! Man må jo lure på hva som gjorde at de fikk lyst til å legge til en relativt liten andel aksjer som fikk dem til å legge seg akkurat på 5%.

En mulig konspirasjonsteori er at dette er en del av en større transaksjon, hvor de først legger seg akkurat på 5%, hvorpå de kan akkumulere videre uten å måtte flagge det før de kommer til 10%.

pleximus83 · september 16, 2020, 12:03pm

blubba · september 16, 2020, 12:24pm

Mye cash som skal inn i ESG.Scatec er nok ønskedrømmen for mange fond

blubba · september 16, 2020, 12:25pm

Opp ca 80% på 12mnd