Scana (the Company) continues to deliver solid results, maintaining high EBITDA margins in Offshore and achieving revenue growth driven by the Energy division.
Q3 2024 Financial Highlights:
- Revenue NOK 436 million
- EBITDA NOK 57 million
- EBITDA margin 13.1 %
- Order intake NOK 492 million
- Order backlog NOK 1,135 million
The Energy division has achieved an all-time high order intake with 9 sizable contracts within battery energy storage solutions (BESS), E-House modules and shore systems. The achievement of green financing for energy storage solutions marked a strategic milestone, enabling a more sustainable and scalable business model.
The Offshore division has delivered high EBITDA margins in a quarter where seasonality impacted revenues. First 4 months at PSW Namibia were successfully completed with consistent, high-quality deliveries, and a strong project delivery contributed to a successful installation of the FPSO Maria Quitería operation for Petrobras.
A strong cashflow development gives Scana financial flexibility, expanding its potential for value creation, both organically and through M&A.
Q3 Presentation
Today, at 10:00 CET, Scana will present the Q3 2024 results in an online session via Microsoft Teams. The presentation will be held by Pål Selvik, CEO, and Torvald Ulland Reiestad, CFO.
