Brief: Scatec Q1 Power Production Estimated At 800-900 GWH On Proportionate Basis

Scatec ASA

26/01/2024 07:09

Jan 26 (Reuters) - Scatec ASA  SCATC.OL :
    * FULL YEAR 2024 PROPORTIONATE POWER PRODUCTION ESTIMATE IS
4.2 -
4.6 TWH WITH A PROPORTIONATE EBITDA ESTIMATE OF NOK 3.4 - 3.7
BILLION
    * WE HAVE SHARPENED OUR STRATEGY FOCUSING ON SOLAR, WIND AND
BATTERIES TO CAPITALISE ON A SIGNIFICANT DROP IN SOLAR PANEL
PRICES, BATTERIES,  AND TRANSPORTATION COSTS
    * WE FOCUSED ON CORE MARKETS TO ENSURE WE ARE WELL
POSITIONED FOR
PROFITABLE GROWTH, WHILE REDUCING  OPERATIONAL COSTS
    * IN QUARTER, COMPANY CONTINUED TO DIVEST NON-CORE ASSETS,
SELLING
SOLAR PLANTS IN MOZAMBIQUE AND RWANDA
    * APPROXIMATELY  95% OF THE POWER PLANTS OWNED AND OPERATED
BY
SCATEC IN UKRAINE ARE  INTACT AND AVAILABLE
    * OUTLOOK: 1Q 2024 POWER PRODUCTION IS ESTIMATED AT 800-900 
GWH
ON PROPORTIONATE BASIS
    * OUTLOOK: FY 2024 PROPORTIONATE EBITDA MID-POINT ESTIMATE
OF 
OUTLOOK: Q1 2024 EBITDA IS ESTIMATED AT NOK 10-70 MILLION

Source text for Eikon:  ID:nGNEc5LTwQ 
Further company coverage:  SCATC.OL 

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