Third quarter results 2022

3 November 2022: Today, our CEO, Terje Pilskog and CFO, Mikkel Tørud present our Q3 results. 

“We reported strong results from our diversified portfolio of power plants driven by the solid performance in the Philippines. We had an all-time high EBITDA during the third quarter and our construction activities in South Africa, Brazil, and Pakistan  are progressing well. We continue to focus on delivering on our strategy and see stable performance of our operating asset portfolio,” says Scatec CEO Terje Pilskog.

Stock exchange notice

Stable operations and ramping up for construction

  • All-time high proportionate EBITDA of NOK 850 million (767)
  • Philippines EBITDA increased 64% to NOK 375 million (228) driven by high production and power prices
  • Construction activities progressing well in South Africa, Brazil and Pakistan
  • Submitted net zero targets to SBTi and awarded A rating on ESG reporting from Position Green
  • Announced sharpened strategy and new growth targets
1) EBITDA and other alternative performance measures (APMs) are defined and reconciled as a part of the APM section of the first quarter 2022 report on pages 36-39.

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