Scatec gains after outlook hike

Scatec ASA

08/05/2025 08:24

** Shares in Scatec SCATC.OL rise 6% after the Norwegian renewable energy solutions provider reported Q1 beat and hiked its full-year earnings outlook

** Scatec increased its proportionate EBITDA outlook by NOK 400 million to NOK 4.15-4.45 billion ($830.7 million)

** "Beat is from operations in the Philippines doing markedly better than expected," Nordea analyst Andreas Nibe Nygard says

** If gains hold, shares will see their best day since August 2024

($1 = 10.3524 Norwegian crowns)

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))