Second quarter results 2024
Best performing quarter
Q2 2024 Financial Highlights
· Revenue NOK 545 million
· EBITDA NOK 80 million
· EBITDA margin 14.7 %
· Order intake NOK 479 million
· Order backlog NOK 1,074 million
The Energy division is developing a strong market position confirmed by two substantial contracts for mobile dc-chargers and E-house modules, and seven new contracts as subsequent events.
The Offshore division has delivered steady operational performance with a high EBITDA margin. Seasystems was awarded a substantial contract for the delivery to the FPSO turret market.
By establishing a subsidiary in Namibia, PSW Technology supports their customers’ international growth.
With a robust financial position, Scana can seize new strategic opportunities, both organically and through M&A.
Changes in Board of Directors
Bjørn Gabriel Reed has been appointed as the new Chairman of the Board of Scana ASA. Reed has been a board member since August 2023. Gunnar Winther Eliassen has decided to prioritize other commitments and has informed the company that he will step down from the Board of Directors.
“We are thankful for Eliassen’s dedicated work as Chairman of the Board over the past year. We respect his priorities and wish him all the best in future endeavours,” says Bjørn Gabriel Reed, Chairman of Board of Scana ASA.
Q2 Presentation
Today, at 09:45 CEST, Scana will present the Q2 results, followed by a live Q&A session with Pål Selvik, CEO, and Torvald Ulland Reiestad, CFO. The presentation is part of the Vestland på Børs conference in Bergen.
The event was webcasted live and is available for replay from this URL: https://channel.royalcast.com/landingpage/hegnarmedia/20240821_10/
Please find enclosed the report for Second Quarter and First Half-Year 2024:
Industrial history – Solutions for tomorrow
Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation.
