Brief: Biokraft Says Current Market Prices Hit Its Targets

Biokraft International AB

20/07/2023 06:44

July 20 (Reuters) - Biokraft International AB
 BIOGAS.ST :
    * Q2 ENERGY SOLD TOTALLED 82.0 (82.2) GWH.
    * Q2 OPERATING EBITDA TOTALLED SEK 17.7 (1.1) MILLION, AND
EBITDA
MARGIN, 13.6 (1.2) %.
    * - Q2 TOTAL REVENUE, INCLUDING CAPITALISED WORK, INCREASED
BY
33.7% TO SEK 135.1 (101.1) MILLION.
    * CONTINUE TO VIEW FUTURE VERY POSITIVELY WITH GREAT GROWTH
OPPORTUNITIES IN NORTHERN EUROPE
    * CONTINUE ATHE WORK CONTINUES TO EXPAND BUSINESS AND
DEVELOP OUR
PROJECT PORTFOLIO TO REACH A PRODUCTION CAPACITY OF 1.2 TWH BY
2026 AND AT LEAST 3 TWH BY 2030
    * OPERATIONALLY, FOCUS IS ON EFFICIENCIES
    * FEEL CONFIDENT WITH OUR PRODUCTION CAPACITY AND REVENUE
GOALS
FOR 2024
    * CURRENT MARKET PRICES FOR BIOMETHANE AND CERTIFICATES MAKE
IT
MORE CHALLENGING TO REACH GOAL AS EARLY AS 2024
    * NEW PROJECTS ARE EXPECTED TO CONTRIBUTE POSITIVELY TO
INCREASED
PROFITABILITY

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