Scatec Announces Q2 2024 Financial Results: Healthy Revenue and EBITDA Growth

Oslo, 16 August 2024 – Scatec ASA, a leading renewable energy company, has unveiled its financial results for the second quarter of 2024. The company has shown a commendable financial performance in line with its strategic objectives. Scatec's proportionate revenues reached NOK 1.5 billion, showcasing a significant engagement in the energy sector. This figure compares to NOK 5.8 billion reported previously. EBITDA, a measure of the company's operational profitability, stood strong at NOK 951 million compared to NOK 1,379 million in the prior reference period.

Revenue Insights

The revenue of NOK 1.5 billion denotes a substantial flow of income for Scatec, stemming largely from its renewable energy projects across various geographies. The company's strategic ventures and expansions are reflected in this figure, marking a milestone of growth and sustainability in its operations.

EBITDA Performance

EBITDA, or earnings before interest, taxes, depreciation, and amortization, is an indicator of a company's operational efficiency. Scatec's reported EBITDA of NOK 951 million, despite being lower than the previous period, illustrates resilience in the face of market fluctuations and underlines the effective management of operating costs and overheads.

Scatec, Revenue, EBITDA