A robust quarter that concludes a record year for Scana. Bergen,23 February 2024 : Scana (the Company) has delivered a solid quarter with significant growth in revenues and margins compared to the fourth quarter last year. The energy division is accelerating growth, replacing offshore revenue with energy storage and modules. Furthermore, high end Offshore customers such asOdfjell Drilling , and a Norwegian E&P company has reiterated their trust in our services through the award of multiyear frame agreements. Strong operational cashflow in the quarter and the announced divestment of well control preparedness equipment in Q1 2024 provides a strong fundament for growth investments and dividend distribution. 4Q 2023 Financial Highlights · RevenueNOK 412 million · EBITDANOK 37 million · EBITDA margin 9.0 % · Order intakeNOK 487 million · Order backlogNOK 1,196 million 2023 Full-Year Financial Highlights · RevenueNOK 1,606 million · EBITDANOK 181.3 million · EBITDA margin 11.3 % · Order intakeNOK 2,262 million "With this quarter Scana conclude a transformational year with increased revenue and profitability demonstrating the positive effects of the PSW acquisition in 2022. The energy division is especially delivering this quarter, with revenue increase to all time high level, combined with important wins with new contracts for deliveries of BESS," saysPål Selvik , CEO of Scana. "This quarter our maritime division has delivered high profitability and our offshore division had notable wins with frame agreements for capping stack services and marine risers and subsea equipment services. After the quarter's close West Asset Management AS (NewCo) was awarded a 10-year contract for operations and maintenance of strategically important properties associated with coastal bases along the Norwegian coastline giving a great start to 2024," concludes Selvik. The webcast presentation can be watched from this URL from08:00 CET : https://channel.royalcast.com/landingpage/hegnarmedia/20240223_2/ Questions can be submitted during the live webcast. The presentation will be available for replay shortly after on Scana's web site, www.scana.no. For more information, please contact:Pål Selvik , CEO,Scana ASA , +47 970 46 502 Torvald Ulland Reiestad, CFO, +47 97 98 78 95Anette Netteland Dybvik , Head of IR and Communication, +47 41 66 77 87 Scana in brief Scana is a listed industrial owner company in the ocean industries creating value through active ownership in market-leading portfolio companies. Scana is headquartered in Bergen and has approximately 500 employees. www.scana.no
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