Scatec FY & Q4 financial results: A year of delivering on strategy, record construction activity at attractive margins in 2023 [Yahoo! Finance]
SWEDBANK AB S/ADR (SWDBY)
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Source: Yahoo! Finance
the development and construction segment, we delivered revenues of NOK 532 million (627) with a gross margin of 15 percent. For the year we reported all-time high proportionate revenues of NOK 12.7 billion (5.1) and EBITDA of NOK 3.8 billion (2.6), driven by high construction activity. “Throughout 2023 we delivered on our strategy, and I am proud of the achievements by our global team. EBITDA from our operating assets reached NOK 3.2 billion and we generated 3.6 TWh of clean energy with no lost time incidents, while our power plants helped to avoid 3.9 million tonnes of greenhouse gas emissions,” says Scatec CEO Terje Pilskog. In the fourth quarter 2023 Scatec generated proportionate Power Production of 811 GWh (979) with revenues of NOK 1,034 million (1,032) and EBITDA of NOK 793 million (821). “The year was also characterised by the largest construction programme in Scatec's history. We crossed the finish line for Kenhardt in South Africa, one of the world's largest hybrid s
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