Vis børsmeldingen
increase by more than 2.5 times compared to the same quarter last year.
“We saw another quarter with stable operations, robust cash generation and
continued high project development activity within renewables across our core
markets. We are further pursuing new and exciting opportunities in the Middle-
East within hydrogen, ammonia and desalination powered by green energy. With a
substantial track record, a proven value creating business model and a large
developing pipeline, we are well positioned for further growth”, says Raymond
Carlsen, CEO of Scatec.
803 MW in Brazil and South Africa were added to the project backlog in the
quarter, and Release started delivery of redeployable solar and battery
solutions in Cameroon, Chad and South Africa. A 900 MW project in India was put
on hold and moved from backlog to pipeline due to the introduction of an import
duty on solar panels. The backlog and pipeline now total 1,818 MW and 14,775 MW
respectively.
Scatec’s fourth quarter consolidated revenues were NOK 1,039 million (679), with
an EBITDA of NOK 775 million (448). The consolidated net profit was NOK 136
million (negative 561).
For the full year 2021, Scatec’s proportionate revenues and EBITDA reached NOK
4,615 million (2,844) and NOK 2,686 million (1,306), respectively.
The 2021 Power Production EBITDA more than doubled from 2020 to NOK 2,949
million, mainly driven by the acquisition of SN Power and grid connection of
three new power plants. In 2021 construction start of new projects was delayed
due to prolonged government approval processes and cost inflation, resulting in
limited revenue in the Development and Construction segment.
The Board of Directors has proposed 2021 dividends of NOK 2.54 per share
totalling NOK 401 million to be paid out in 2022 following approval by the
Annual General Meeting to be held on 28 April 2022.
A presentation of the results followed by a Q&A session will be held through a
live webcast today at 08:30 am CET. You can follow the webcast from our
website www.scatec.com (https://www.globenewswire.com/Tracker?data=vST0pYdhbMJD-
KfSRf1VY2SroJjeyCwgUbbT-tDRX-da1hd2lfK_lP6S2c9ufMLQJVn_u1GJDILxU4TPREpqZg==), or
this direct link: Scatec Webcast Q4 2021
(https://www.globenewswire.com/Tracker?data=oBxLFvSXoYwnG2O9sBw2BrRhLUtjP2Esja3b
6V7umoRao20u6WZ5rRYwAqilJCA5Ys5Se_Gpk8dA2KyfIKpplXF4iNJcrEezSyVCL-
Y2HjQK2ugTP7ZEh_n0rrpeX9o6Mqra5l0g8tnQRShJah0CMhnyDVxWZTvh-rLLb804YEc=). You may
ask questions through the webcast solution.
EBITDA and other alternative performance measures (APMs) are defined and
reconciled as a part of the APM section of the attached quarterly report on
pages 41-44.
For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, tel: +47 974 38 86,
andreas.austrell@scatec.com
(https://www.globenewswire.com/Tracker?data=xENId0BYhGKyXXJhsRxN_rKPiQvcyW2gn7f2
Hq6Jeip-I208oW-aPdR_aWVO3I1ND3R7WAbTWgg54ShHXBebzJTqN8q-
CEoTCAlINnUW3CdntorclUq4Sinmj-MdVZxr)
For media: Stian Tvede Karlsen, Communications Manager, tel: +47 920 67 460,
stian.karlsen@scatec.com (mailto:stian.karlsen@scatec.com)
About Scatec ASA
Scatec is a leading renewable power producer, delivering affordable and clean
energy worldwide. As a long- term player, Scatec develops, builds, owns and
operates solar, wind and hydro power plants and storage solutions. Scatec has
more than 3.5 GW in operation and under construction on four continents and more
than 600 employees. The company is targeting 15 GW capacity in operation or
under construction by the end of 2025. Scatec is headquartered in Oslo, Norway
and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn
more, visit www.scatec.com (https://www.globenewswire.com/Tracker?data=kGhdeZ3-
E6aUeFYMgYavRbFr5R8sdY2BQx6CTo1HIMkJXDyiQWk6GyRnzLJOczDq0F9PZP9CZhkROzpnyD3bmw==
) or connect with us on Linkedin
(https://www.globenewswire.com/Tracker?data=5O2pdn4VoGoAr-
tccDnbbQglS4ARJk2dFsY7_4b75cjfpYexJt9cr9dpdpIK6IPamEVlDHNnfOKe8JxsGdd9mu-
cZrdTFrI6GtJQD0brZxA=).
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
Kilde