2024-05-04 07:46:09 ET
Scatec ASA (STECF)
Q1 2024 Earnings Conference Call
April 30, 2024, 3:00 AM ET
Company Participants
Terje Pilskog - Chief Executive Officer
Hans Jakob Hegge - Chief Financial Officer
Andreas Austrell - Vice President of Investor Relations
Conference Call Participants
Andreas Nygard - Nordea
Jorgen Bruaset - Nordea
Presentation
Terje Pilskog
Good morning. A warm welcome to all of you attending our first quarter presentation. I'm excited to take you through a strong quarter for Scatec. The first quarter has been eventful, with many significant achievements, including the inaugurations that we've had for Mendubim in Brazil and Kenhardt in South Africa.
In the quarter, we have continued also to make good progress on our strategy. We have reached a number of important milestones that we will get back to and also the financial results are strong. So as usual, I will take you through the highlights of the quarter and then Hans Jakob will take you through the financials. And at the end, as usual, we will also open up for questions.
So then let's start with going through the key highlights of the quarter. And I'm pleased to say that this quarter was a good quarter with strong overall results with proportional revenues reaching NOK1.2 billion and EBITDA reaching NOK848 million. Power production reached 901 gigawatt hours and EBITDA in the Power Production segment increased to NOK870 million, up from NOK707 million same quarter last year.
And we finalized construction and started commercial operation of Mendubim in Brazil and Sukkur in Pakistan, moving 681 megawatts from construction and into operation in the quarter. And also we embarked on the next growth phase with moving 333 megawatts of projects into construction. And I will also get back to more information about this project later in the presentation....
Read the full article on Seeking Alpha
For further details see:
Scatec ASA (STECF) Q1 2024 Earnings Call Transcript