Norway's Scatec Q4 revenue rises 25% on project progress

Scatec ASA

30/01/2026 06:11

Overview

Norwegian renewable energy firm's Q4 proportionate revenue rose 25% yr/yr

Q4 EBITDA was NOK 1,065 million, driven by construction progress in Egypt and South Africa

Company reached several milestones, including new solar projects in Philippines and Africa

Outlook

Scatec projects full-year 2026 power production of 5.2 to 5.6 TWh

Company expects full-year 2026 EBITDA from power production of NOK 3,800 to 4,100 mln

Remaining D&C contract value for projects under construction is NOK 1.8 bln

Result Drivers

CONSTRUCTION PROGRESS - Strong construction progress on Obelisk in Egypt and Mogobe BESS in South Africa drove D&C segment revenues

DIVESTMENTS IMPACT - Decline in power production revenues attributed to divestments in 2024 and 2025

FINANCIAL IMPROVEMENTS - Reduced net interest bearing debt and strong cash generation improved financial position

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Proportionate Revenue
NOK 3.36 bln
Q4 Proportionate EBITDA
NOK 1.07 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy"

Wall Street's median 12-month price target for Scatec ASA is NOK129.00, about 7.1% above its January 29 closing price of NOK120.40

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nMFN5MkZSF

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)